Stock picks of the day

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

Sensex

Last Close - 14163.98 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 14458.33, moved up to an intra-day high of 14554.93, declined to an intra-day low of 14128.72 and closed at 14163.98.

Review/Outlook - The Sensex has had a volatile trading session, has had a strong opening, has depreciated after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14192 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 14005 level.

Kothari Prod

Last Close - 657.90 | Support - 585, 530 | Resistance - 672, 754

Trading Range - The scrip opened at 643.00, moved up to an intra-day high of 658.85, declined to an intra-day low of 620.10 and closed at 657.90.

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.

Schrader Dun

Last Close - 316.25 | Support - 295, 269 | Resistance - 326, 360

Trading Range - The scrip opened at 308.00, moved up to an intra-day high of 316.25, declined to an intra-day low of 302.00 and closed at 316.25.

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 - 154.35 | Support - 121, 091 | Resistance - 163, 198

Trading Range - The scrip opened at 154.35, moved up to an intra-day high of 154.35, declined to an intra-day low of 148.00 and closed at 154.35.

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 - 475.60 | Support - 443, 411 | Resistance - 514, 563

Trading Range - The scrip opened at 467.90, moved up to an intra-day high of 494.00, declined to an intra-day low of 454.05 and closed at 475.60.

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.