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

Sensex

Last Close - 15167.82 | Support - 15037, 14732 | Resistance - 15330, 15638

Trading Range - The Sensex opened at 15036.57, moved up to an intra-day high of 15228.82, declined to an intra-day low of 14888.12 and closed at 15167.82.

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 positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a formality) could come in above the 15169 level while significant resistance at higher levels (15440) - 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.

Gulshan Poly

Last Close - 252.60 | Support - 241, 209 | Resistance - 293, 333

Trading Range - The scrip opened at 240.00, moved up to an intra-day high of 252.60, declined to an intra-day low of 240.00 and closed at 252.60.

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.

Goa Carbon

Last Close - 136.15 | Support - 116, 104 | Resistance - 139, 162

Trading Range - The scrip opened at 132.00, moved up to an intra-day high of 136.15, declined to an intra-day low of 128.00 and closed at 136.15.

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 - 268.95 | Support - 245, 206 | Resistance - 284, 320

Trading Range - The scrip opened at 262.90, moved up to an intra-day high of 274.00, declined to an intra-day low of 262.35 and closed at 268.95.

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.

Dhanus Tech

Last Close - 146.80 | Support - 129, 098 | Resistance - 153, 197

Trading Range - The scrip opened at 145.00, moved up to an intra-day high of 146.80, declined to an intra-day low of 145.00 and closed at 146.80.

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.

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.