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

Sensex

Last Close - 13349.65 | Support - 13146, 12899 | Resistance - 13406, 13554

Trading Range - The Sensex opened at 13292.80, moved up to an intra-day high of 13451.67, declined to an intra-day low of 13049.96 and closed at 13349.65.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative 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 negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 13354 level while significant resistance at higher levels (13526) - 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.

Gayatri Proj

Last Close - 214.65 | Support - 198, 164 | Resistance - 240, 283

Trading Range - The scrip opened at 210.00, moved up to an intra-day high of 218.00, declined to an intra-day low of 199.25 and closed at 214.65.

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.

Walchand Ind

Last Close - 234.30 | Support - 215, 184 | Resistance - 244, 283

Trading Range - The scrip opened at 221.00, moved up to an intra-day high of 234.30, declined to an intra-day low of 215.00 and closed at 234.30.

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 - 254.45 | Support - 253, 228 | Resistance - 279, 321

Trading Range - The scrip opened at 247.00, moved up to an intra-day high of 256.80, declined to an intra-day low of 244.00 and closed at 254.45.

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.

Radhe Develop

Last Close - 076.90 | Support - 069, 045 | Resistance - 095, 128

Trading Range - The scrip opened at 075.80, moved up to an intra-day high of 076.90, declined to an intra-day low of 072.00 and closed at 076.90.

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.