Stock picks of the day

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. Capital Goods, FMCG, IT, Banks, Metals, PSU & Oil have ended positive in varying degrees while Healthcare, Auto & Consumer Durables have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed stable.

Sensex

Last Close - 14248.66 | Support - 14243, 14171 | Resistance - 14325, 14454

Trading Range - The Sensex opened at 14055.40, moved up to an intra-day high of 14281.48, declined to an intra-day low of 13870.70 and closed at 14248.66.

Review/Outlook - The Sensex has had a solid trading session, has had a decent opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a formality) could come in above the 14281 level while resistance at higher levels (14500) - would limit the upside. The outlook seems to be turning stable again while resistance comes in at the 16000+ level and support comes in at the 14150 level.

XL Tel. Ene

Last Close - 130.05 | Support - 126, 107 | Resistance - 133, 172

Trading Range - The scrip opened at 126.00, moved up to an intra-day high of 133.10, declined to an intra-day low of 122.00 and closed at 130.05.

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.

Fort. Fin

Last Close - 092.40 | Support - 088, 068 | Resistance - 097, 125

Trading Range - The scrip opened at 092.40, moved up to an intra-day high of 092.40, declined to an intra-day low of 076.00 and closed at 092.40.

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.

Tempt. Foods

Last Close - 147.00 | Support - 121, 091 | Resistance - 163, 198

Trading Range - The scrip opened at 139.05, moved up to an intra-day high of 147.00, declined to an intra-day low of 135.00 and closed at 147.00.

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.

Indiabulls

Last Close - 453.90 | Support - 443, 411 | Resistance - 514, 563

Trading Range - The scrip opened at 438.00, moved up to an intra-day high of 466.40, declined to an intra-day low of 408.00 and closed at 453.90.

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.

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