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

Sensex

Last Close - 15212.13 | Support - 15037, 14732 | Resistance - 15330, 15638

Trading Range - The Sensex opened at 15577.20, moved up to an intra-day high of 15579.78, declined to an intra-day low of 15124.91 and closed at 15212.13.

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 negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 15212 level while significant support at lower levels (14800) - would limit the downside. The outlook has turned positive again while resistance comes in at the 15900+ level and support comes in at the 12780 level.

Gulshan Poly

Last Close - 278.45 | Support - 241, 209 | Resistance - 293, 333

Trading Range - The scrip opened at 278.45, moved up to an intra-day high of 278.45, declined to an intra-day low of 278.45 and closed at 278.45.

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.

Goa Carbon

Last Close - 149.55 | Support - 139, 116 | Resistance - 162, 197

Trading Range - The scrip opened at 146.90, moved up to an intra-day high of 150.05, declined to an intra-day low of 140.05 and closed at 149.55.

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.

Ub Engg

Last Close - 112.10 | Support - 103, 084 | Resistance - 130, 167

Trading Range - The scrip opened at 106.10, moved up to an intra-day high of 112.10, declined to an intra-day low of 106.00 and closed at 112.10.

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 - 147.05 | Support - 129, 098 | Resistance - 153, 197

Trading Range - The scrip opened at 150.00, moved up to an intra-day high of 150.00, declined to an intra-day low of 145.25 and closed at 147.05.

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.

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.