Stock picks of the day

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

Sensex

Last Close - 13094.11 | Support - 12899, 12671 | Resistance - 13146, 13406

Trading Range - The Sensex opened at 13530.69, moved up to an intra-day high of 13530.68, declined to an intra-day low of 12934.92 and closed at 13094.11.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended sharply in negative territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 13081 level while significant support at lower levels (12800) - would limit the downside. 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 - 167.85 | Support - 162, 147 | Resistance - 184, 206

Trading Range - The scrip opened at 173.00, moved up to an intra-day high of 173.70, declined to an intra-day low of 165.05 and closed at 167.85.

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.

Bombay Dyeing

Last Close - 511.00 | Support - 501, 474 | Resistance - 539, 565

Trading Range - The scrip opened at 538.50, moved up to an intra-day high of 545.00, declined to an intra-day low of 492.25 and closed at 511.00.

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.

NTPC

Last Close - 152.55 | Support - 141, 128 | Resistance - 155, 169

Trading Range - The scrip opened at 158.00, moved up to an intra-day high of 159.20, declined to an intra-day low of 150.70 and closed at 152.55.

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.

Cesc Limited

Last Close - 379.90 | Support - 373, 351 | Resistance - 398, 419

Trading Range - The scrip opened at 382.00, moved up to an intra-day high of 390.00, declined to an intra-day low of 370.00 and closed at 379.90.

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.