Stock picks of the day

The market hasn't been able to sustain itself at higher levels after recording early gains and has ended the day in negative territory. Banks, Oil, Consumer Durables, PSU, Metals, IT, Pharma and the FMCG sector have ended positive in varying degrees while Capital Goods and the Auto sector have ended in positive territory. Volume registered a decent increase (read as turnover) while the undertone seemed mixed.

Sensex (Daily)

Last Close - 9859.26 | Support - 9820, 9665 | Resistance - 9987, 10100

Trading Range - The Sensex opened at 9959.24, moved up to an intra-day high of 9993.92, declined to an intra-day low of 9819.32 and closed at 9859.26.

Review/Outlook - The Sensex has come off rather sharply from its intra-day high after posting a fresh all time high, has ended in negative territory by giving a downward bar reversal on higher volume. The extreme near term outlook is hazy while a range bound movement with a mild downward bias cannot be ruled out.               

Orient Cer. (Daily)

Last Close - 102.00 | Support - 097, 080 | Resistance - 110, 133

Trading Range - The scrip opened at 100.00, moved up to an intra-day high of 102.00, declined to an intra-day low of 099.10 and closed at 102.00.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards. 

TTK Prestige (Daily)

Last Close - 134.45 | Support - 121, 093 | Resistance - 135, 150

Trading Range - The scrip opened at 132.45, moved up to an intra-day high of 134.45, declined to an intra-day low of 132.45 and closed at 134.45.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.

Bharat Bijli (Daily)

Last Close - 887.80 | Support - 843, 774 | Resistance - 908, 953

Trading Range - The scrip opened at 854.00, moved up to an intra-day high of 887.80, declined to an intra-day low of 854.00 and closed at 887.80.

Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards. 

KLG Systel (Daily)

Last Close - 147.25 | Support - 140, 107 | Resistance - 173, 249 

Trading Range - The scrip opened at 146.70, moved up to an intra-day high of 147.25, declined to an intra-day low of 144.50 and closed at 147.25.

Review/Outlook - The scrip has reflected strength by appreciating with an upward gap and with the indicators looking positive, a further upside seems to be on the cards.  

Daily Stock Track

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.