Stock picks for today

The market has come off its intra-day highs to find sustainability a difficult proposition and has ended the day clearly in positive territory.

FMCG, IT, auto, metals, oil and PSUs have ended positive in varying degrees while banks, capital goods, consumer durables and the pharma sector have ended in negative territory. Volume registered an increase (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close -- 10244; Support – 10192; 10100; Resistance -- 10300, 10400

Trading Range -- The Sensex opened at 10269, moved up to an intra-day high of 10305, declined to an intra-day low of 10228 and closed at 10244.

Review/Outlook -- The Sensex has reflected strength to post a fresh all time high but seems to have wobbled just a wee bit at the psychologically important level of 10300 to end mildly positive. The bigger picture continues to remain positive and while a mild intra-day downside below the 10228 level cannot be ruled out, strong support from the 10192 level would limit the downside if any.

Zenith Comp. (Daily)

Last Close -- 085.25; Support -- 080, 065; Resistance -- 091, 110

Trading Range -- The scrip opened at 078.00, moved up to an intra-day high of 085.25, declined to an intra-day low of 077.00 and closed at 085.25.

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.

Brescon Corp. (Daily)

Last Close -- 114.55; Support -- 114, 102; Resistance -- 125, 137

Trading Range -- The scrip opened at 106.30, moved up to an intra-day high of 114.55, declined to an intra-day low of 106.25 and closed at 114.55.

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.

Simplex Cast. (Daily)

Last Close -- 052.55; Support -- 048, 035; Resistance -- 054, 066

Trading Range -- The scrip opened at 049.95, moved up to an intra-day high of 052.55, declined to an intra-day low of 045.50 and closed at 052.55.

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.

Integra Hind. (Daily)

Last Close -- 288.30; Support -- 275, 232; Resistance -- 296, 359

Trading Range -- The scrip opened at 266.50, moved up to an intra-day high of 288.30, declined to an intra-day low of 266.50 and closed at 288.30.

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.

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.

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Sebi Disclosure: The author is an active market participant and could be having positions in the stocks mentioned above.