Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, Healthcare, FMCG, Consumer Durables, Auto, Metal, Oil, Realty, IT, Capital Goods & PSU have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.

Sensex

Last Close - 15696.90 | Support - 15330, 15037 | Resistance - 15734, 15956

Trading Range - The Sensex opened at 15388.36, moved up to an intra-day high of 15732.75, declined to an intra-day low of 15357.98 and closed at 15696.90.

Review/Outlook - The Sensex has had a mixed trading session, has had a neutral opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15709 level while significant resistance at higher levels (15800) - would limit the upside. The outlook has turned weak again while resistance comes in at the 15800+ level and support comes in at the 14400 level.

Sterling Intnl

Last Close - 282.70 | Support - 280, 253 | Resistance - 303, 345

Trading Range - The scrip opened at 279.40, moved up to an intra-day high of 283.75, declined to an intra-day low of 267.75 and closed at 282.70.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Modern India

Last Close - 243.05 | Support - 219, 183 | Resistance - 274, 308

Trading Range - The scrip opened at 243.00, moved up to an intra-day high of 246.75, declined to an intra-day low of 237.20 and closed at 243.05.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Gemini Comm

Last Close - 213.65 | Support - 204, 181 | Resistance - 244, 279

Trading Range - The scrip opened at 213.65, moved up to an intra-day high of 213.65, declined to an intra-day low of 206.00 and closed at 213.65.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Accent Tech

Last Close - 226.25 | Support - 198, 157 | Resistance - 245, 291

Trading Range - The scrip opened at 215.00, moved up to an intra-day high of 226.25, declined to an intra-day low of 205.75 and closed at 226.25.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

GLOSSARY : CMP - Current Market Price, MACD - Moving Average Convergence Divergence, RMI - Relative Momentum Index, RSI - Relative Strength Index, ROC - Rate of Change, EMA - Exponential Moving Average, Cls - Closing Price, Support - Level where buying can be expected, Resistance - Level where selling can be expected, Tu - Turning Upwards, Td - Turning Downwards, Sd - Sideways, Up - Uptrend, Dt - Downtrend, Ob - Overbought, Os - Oversold.