Stock picks of the day

The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day in positive territory. Consumer Durables, Auto, FMCG, Healthcare, Oil, PSU, Banks, Capital Goods, IT, Realty & Auto have ended negative in varying degrees while Metals have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.

Sensex

Last Close - 13111.85 | Support - 12899, 12425 | Resistance - 13146, 13406

Trading Range - The Sensex opened at 12909.57, moved up to an intra-day high of 13150.35, declined to an intra-day low of 12843.79 and closed at 13111.85.

Review/Outlook - The Sensex has had a solid trading session, has had a positive opening, has moved just one way, has faced buying support even at higher 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 13119 level while significant resistance at higher levels (13270) - would limit the upside. The outlook has turned negative again while resistance comes in at the 14700+ level and support comes in at the 12316 level.

Webel Sl Ener

Last Close - 210.25 | Support - 199, 173 | Resistance - 237, 274

Trading Range - The scrip opened at 205.00, moved up to an intra-day high of 210.25, declined to an intra-day low of 200.00 and closed at 210.25.

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.

Neha Int'nl

Last Close - 064.45 | Support - 057, 039 | Resistance - 072, 088

Trading Range - The scrip opened at 059.50, moved up to an intra-day high of 064.45, declined to an intra-day low of 059.15 and closed at 064.45.

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.

Polychem

Last Close - 151.95 | Support - 141, 111 | Resistance - 157, 196

Trading Range - The scrip opened at 146.00, moved up to an intra-day high of 151.95, declined to an intra-day low of 140.90 and closed at 151.95.

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.

Tulip IT

Last Close - 913.60 | Support - 880, 841 | Resistance - 918, 957

Trading Range - The scrip opened at 914.00, moved up to an intra-day high of 921.00, declined to an intra-day low of 905.35 and closed at 913.60.

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.

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.