Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in negative territory. Banks, FMCG, Auto, Metals, PSU, Capital Goods, Consumer Durables, Healthcare & Oil have ended negative in varying degrees while the IT sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 14868.25 | Support - 14830, 14723 | Resistance - 14964, 15112

Trading Range - The Sensex opened at 14674.92, moved up to an intra-day high of 14901.31, declined to an intra-day low of 14570.89 and closed at 14868.25.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14902 level while some resistance at higher levels (15062) - could limit the upside. The outlook seems to have turned weak again while resistance comes in at the 16000+ level and support comes in at the 14560 level.

Freshtrop Fruits

Last Close - 114.15 | Support - 107, 091 | Resistance - 116, 134

Trading Range - The scrip opened at 105.00, moved up to an intra-day high of 114.15, declined to an intra-day low of 103.35 and closed at 114.15.

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

Vijay Shanti

Last Close - 190.10 | Support - 186, 164 | Resistance - 200, 225

Trading Range - The scrip opened at 174.20, moved up to an intra-day high of 190.10, declined to an intra-day low of 172.50 and closed at 190.10.

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

Swan Mills

Last Close - 088.70 | Support - 071, 042 | Resistance - 095, 126

Trading Range - The scrip opened at 081.50, moved up to an intra-day high of 088.70, declined to an intra-day low of 080.30 and closed at 088.70.

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

Birla Kenna

Last Close - 236.40 | Support - 207, 170 | Resistance - 251, 283

Trading Range - The scrip opened at 233.90, moved up to an intra-day high of 236.40, declined to an intra-day low of 215.10 and closed at 236.40.

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

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.