Stock picks for today

The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, FMCG, PSU, Capital Goods, Consumer Durables, Metal, Healthcare, Auto, Oil & IT have ended positive in varying degrees while no sector has ended in negative territory.

Volume registered a noticeable increase (read as turnover) while the undertone seemed better.

Sensex (Daily)

Last Close -- 15550.99; Support -- 15495, 15440; Resistance -- 15572, 15683

Trading Range: The Sensex opened at 15358.69, moved up to an intra-day high of 15568.85, declined to an intra-day low of 15224.82 and closed at 15550.99.

Review/Outlook: The Sensex has had a mixed trading session, has had a good opening, has depreciated after facing selling pressure at higher levels, but has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (is a possibility) could come in below the 15495 level while some support at lower levels (15020) -- could limit the downside. The outlook seems to have turned negative again while resistance comes in at the 16000+ level and support comes in at the 14800 level.

United Brew (Daily)

Last Close -- 842.80; Support -- 825, 799 Resistance -- 850, 875

Trading Range: The scrip opened at 790.10, moved up to an intra-day high of 842.80, declined to an intra-day low of 785.00 and closed at 842.80.

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.

Vijay Shanti (Daily)

Last Close -- 158.25; Support -- 138, 109 Resistance -- 164, 186

Trading Range: The scrip opened at 155.00, moved up to an intra-day high of 158.90, declined to an intra-day low of 152.00 and closed at 158.25.

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.

Tips Ind (Daily)

Last Close -- 048.50; Support -- 040, 032 Resistance -- 053, 058

Trading Range: The scrip opened at 045.00, moved up to an intra-day high of 048.50, declined to an intra-day low of 045.00 and closed at 048.50.

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.

Kalindee Rail (Daily)

Last Close -- 285.10; Support -- 280, 246 Resistance -- 305, 330

Trading Range: The scrip opened at 282.00, moved up to an intra-day high of 289.00, declined to an intra-day low of 273.05 and closed at 285.10.

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.

DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

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