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 sharply in positive territory. Banks, Consumer Durables, Healthcare, IT, Realty, Metal, Oil, Auto, Capital Goods & PSU have ended positive in varying degrees while the FMCG sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed upbeat.

Sensex

Last Close - 13664.62 | Support - 13554, 13345 | Resistance - 13780, 14046

Trading Range - The Sensex opened at 12948.05, moved up to an intra-day high of 13712.31, declined to an intra-day low of 12822.75 and closed at 13664.62.

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 sharply 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 13671 level while significant resistance at higher levels (13800) - would limit the upside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12800 level.

Reliance Pet

Last Close - 174.50 | Support - 162, 147 | Resistance - 184, 206

Trading Range - The scrip opened at 167.50, moved up to an intra-day high of 176.00, declined to an intra-day low of 160.20 and closed at 174.50.

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.

Bombay Dyeing

Last Close - 545.45 | Support - 539, 501 | Resistance - 565, 599

Trading Range - The scrip opened at 518.00, moved up to an intra-day high of 558.00, declined to an intra-day low of 480.00 and closed at 545.45.

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.

NTPC

Last Close - 158.75 | Support - 155, 141 | Resistance - 169, 183

Trading Range - The scrip opened at 153.90, moved up to an intra-day high of 160.00, declined to an intra-day low of 151.90 and closed at 158.75.

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.

Cesc Limited

Last Close - 389.45 | Support - 373, 351 | Resistance - 398, 419

Trading Range - The scrip opened at 379.00, moved up to an intra-day high of 394.00, declined to an intra-day low of 345.00 and closed at 389.45.

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.

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.