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

Sensex

Last Close - 13525.99 | Support - 13406, 13146 | Resistance - 13554, 13780

Trading Range - The Sensex opened at 13561.92, moved up to an intra-day high of 13793.39, declined to an intra-day low of 13475.78 and closed at 13525.99.

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 mildly in positive territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 13518 level while significant support at lower levels (13335) - 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.

Gayatri Proj

Last Close - 209.60 | Support - 198, 164 | Resistance - 240, 283

Trading Range - The scrip opened at 197.70, moved up to an intra-day high of 209.65, declined to an intra-day low of 197.70 and closed at 209.60.

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.

Jhun. Vanaspati

Last Close - 126.05 | Support - 108, 089 | Resistance - 127, 149

Trading Range - The scrip opened at 125.00, moved up to an intra-day high of 132.40, declined to an intra-day low of 125.00 and closed at 126.05.

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.

Zylog Sys

Last Close - 252.65 | Support - 228, 204 | Resistance - 253, 279

Trading Range - The scrip opened at 248.75, moved up to an intra-day high of 256.90, declined to an intra-day low of 247.00 and closed at 252.65.

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.

Shreeram Ltd

Last Close - 115.25 | Support - 101, 087 | Resistance - 128, 151

Trading Range - The scrip opened at 115.00, moved up to an intra-day high of 115.25, declined to an intra-day low of 108.10 and closed at 115.25.

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.