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 sharply in positive territory. Auto, FMCG, Healthcare, Oil, PSU, Banks, Metals, Realty, Consumer Durables, Capital Goods & IT have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex

Last Close - 14942.28 | Support - 14732, 14431 | Resistance - 15037, 15330

Trading Range - The Sensex opened at 14568.22, moved up to an intra-day high of 14979.90, declined to an intra-day low of 14568.22 and closed at 14942.28.

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 14954 level while significant resistance at higher levels (15300) - would limit the upside. The outlook has turned positive again while resistance comes in at the 15300+ level and support comes in at the 12780 level.

Webel Sl Ener

Last Close - 226.80 | Support - 199, 173 | Resistance - 237, 274

Trading Range - The scrip opened at 226.80, moved up to an intra-day high of 226.80, declined to an intra-day low of 211.00 and closed at 226.80.

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.

Lkp Mer. Fin

Last Close - 122.50 | Support - 101, 084 | Resistance - 151, 170

Trading Range - The scrip opened at 122.45, moved up to an intra-day high of 122.60, declined to an intra-day low of 118.00 and closed at 112.50.

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 - 123.05 | Support - 119, 096 | Resistance - 137, 171

Trading Range - The scrip opened at 120.00, moved up to an intra-day high of 123.25, declined to an intra-day low of 117.30 and closed at 123.05.

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.

Kirl. Pneum

Last Close - 410.70 | Support - 399, 357 | Resistance - 437, 489

Trading Range - The scrip opened at 395.00, moved up to an intra-day high of 415.00, declined to an intra-day low of 386.60 and closed at 410.75.

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.