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

Sensex

Last Close - 15073.54 | Support - 15037, 14732 | Resistance - 15330, 15638

Trading Range - The Sensex opened at 15263.65, moved up to an intra-day high of 15422.82, declined to an intra-day low of 15035.60 and closed at 15073.54.

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 in positive territory on higher volume. Volatility can be the order of the day; initial weakness could be followed by an intra-day upside (seems like a possibility) which could come in above the 15074 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.

Ranklin Sol

Last Close - 164.55 | Support - 146, 123 | Resistance - 172, 199

Trading Range - The scrip opened at 164.00, moved up to an intra-day high of 165.70, declined to an intra-day low of 161.90 and closed at 164.55.

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.

Atlanta Ltd

Last Close - 174.40 | Support - 154, 109 | Resistance - 193, 233

Trading Range - The scrip opened at 151.85, moved up to an intra-day high of 174.40, declined to an intra-day low of 149.10 and closed at 174.40.

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.

Petron Engg

Last Close - 241.20 | Support - 206, 160 | Resistance - 245, 284

Trading Range - The scrip opened at 210.50, moved up to an intra-day high of 241.20, declined to an intra-day low of 210.00 and closed at 241.20.

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.

Gulshan Poly

Last Close - 230.65 | Support - 209, 180 | Resistance - 241, 293

Trading Range - The scrip opened at 228.00, moved up to an intra-day high of 230.65, declined to an intra-day low of 222.00 and closed at 230.65.

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.

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.