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, Realty & Auto have ended positive in varying degrees while IT & Metals have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.

Sensex

Last Close - 13635.40 | Support - 13554, 13406 | Resistance - 13780, 13872

Trading Range - The Sensex opened at 13234.53, moved up to an intra-day high of 13684.27, declined to an intra-day low of 13093.34 and closed at 13635.40.

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 13649 level while significant resistance at higher levels (13793) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 14700+ level and support comes in at the 12316 level.

Webel Sl Ener

Last Close - 214.65 | Support - 199, 173 | Resistance - 237, 274

Trading Range - The scrip opened at 220.75, moved up to an intra-day high of 220.75, declined to an intra-day low of 207.50 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.

Neha Int'nl

Last Close - 068.00 | Support - 057, 039 | Resistance - 072, 088

Trading Range - The scrip opened at 068.95, moved up to an intra-day high of 069.00, declined to an intra-day low of 065.15 and closed at 068.00.

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.

Essar Shipp

Last Close - 105.65 | Support - 096, 077 | Resistance - 119, 137

Trading Range - The scrip opened at 100.00, moved up to an intra-day high of 105.65, declined to an intra-day low of 099.25 and closed at 105.65.

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.

Energy Dev

Last Close - 122.95 | Support - 112, 092 | Resistance - 135, 168

Trading Range - The scrip opened at 115.50, moved up to an intra-day high of 122.95, declined to an intra-day low of 112.05 and closed at 122.95.

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.

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.