Stock picks of the day

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

Sensex (Daily)

Last Close - 9742.58 | Support - 9665, 9547 | Resistance - 9820, 9987

Trading Range - The Sensex opened at 9834.97, moved up to an intra-day high of 9837.74, declined to an intra-day low of 9713.51 and closed at 9742.58.

Review/Outlook - The Sensex has reflected some amount of weakness by closing below the previous five trading sessions lows and has also covered up a gap on the daily chart but to complicate things further, this decline has taken place on lower volume. An intra-day downside below the 9713 level cannot be ruled out while solid support comes in at the 9665 level indicating a rather limited downside. 

Mather Platt. (Daily)

Last Close - 172.70 | Support - 160, 125 | Resistance - 183, 241

Trading Range - The scrip opened at 170.00, moved up to an intra-day high of 172.70, declined to an intra-day low of 156.50 and closed at 172.70.

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. 

Hind Rectifier. (Daily)

Last Close - 508.20 | Support - 475, 400 | Resistance - 530, 592

Trading Range - The scrip opened at 495.00, moved up to an intra-day high of 508.20, declined to an intra-day low of 475.05 and closed at 508.20.

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.

Arih. Found. (Daily)

Last Close - 286.50 | Support - 250, 211 | Resistance - 290, 374

Trading Range - The scrip opened at 284.00, moved up to an intra-day high of 286.50, declined to an intra-day low of 280.00 and closed at 286.50.

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. 

Ceekay Daikin (Daily)

Last Close - 143.20 | Support - 131, 110 | Resistance - 159, 184 

Trading Range - The scrip opened at 140.50, moved up to an intra-day high of 143.40, declined to an intra-day low of 136.50 and closed at 143.20.

Review/Outlook - The scrip has reflected strength by closing above a supply line 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.