Stock picks of the day

The market has appreciated virtually from open to close and has finally ended the day in positive territory. Capital Goods, IT, Consumer Durables, Auto Banks, FMCG, Pharma, Oil & PSU's have ended positive in varying degrees while Metals have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed upbeat.

Sensex (Daily)

Last Close - 11893.79 | Support - 11826, 11707 | Resistance - 11931, 12054

Trading Range - The Sensex opened at 11723.78, moved up to an intra-day high of 11938.41, declined to an intra-day low of 11723.78 and closed at 11893.79.

Review/Outlook - The Sensex has had a spillover effect to capitalise on the previous trading sessions gains with a stunning upside (has appreciated with an upward gap on the daily chart) on distinctly higher volume. An intra-day upside above the 11939 level cannot be ruled out but a solid resistance area between 11950 - 12100 levels could provide the requisite selling pressure for increased volatility at higher levels.

Gitanjali Gems. (Daily) 

Last Close - 214.30 | Support - 211, 169 | Resistance - 268, 311

Trading Range - The scrip opened at 205.00, moved up to an intra-day high of 214.30, declined to an intra-day low of 205.00 and closed at 214.30.

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. 

Era Const. (Daily) 

Last Close - 319.35 | Support - 303, 282 | Resistance - 350, 400

Trading Range - The scrip opened at 307.40, moved up to an intra-day high of 320.40, declined to an intra-day low of 307.40 and closed at 319.35.

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.

Unitech Ltd. (Daily) 

Last Close - 257.15 | Support - 236, 210 | Resistance - 304, 343

Trading Range - The scrip opened at 251.30, moved up to an intra-day high of 257.15, declined to an intra-day low of 248.00 and closed at 257.15.

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.

Rpg Transm. (Daily)

Last Close - 154.90 | Support - 142, 108 | Resistance - 157, 183

Trading Range - The scrip opened at 152.40, moved up to an intra-day high of 155.00, declined to an intra-day low of 152.40 and closed at 154.90.

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.  

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 even be having contrary positions in the stocks mentioned above.  
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