Stock picks of the day

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

Sensex

Last Close - 15565.55 | Support - 15500, 15440 | Resistance - 15600, 15700

Trading Range - The Sensex opened at 15625.63, moved up to an intra-day high of 15683.03, declined to an intra-day low of 15524.68 and closed at 15565.55.

Review/Outlook - The Sensex has had a mixed 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 positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 15524 level while some support at lower levels (15495) - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 16000+ level and support comes in at the 14600 level.

Godavari Fert

Last Close - 124.00 | Support - 114, 093 | Resistance - 135, 160

Trading Range - The scrip opened at 111.25, moved up to an intra-day high of 124.00, declined to an intra-day low of 111.25 and closed at 124.00.

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.

Zuari Ind

Last Close - 238.85 | Support - 215, 179 | Resistance - 272, 315

Trading Range - The scrip opened at 238.85, moved up to an intra-day high of 238.85, declined to an intra-day low of 233.50 and closed at 238.85.

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

Crazy Infotech

Last Close - 192.05 | Support - 183, 149 | Resistance - 200, 225

Trading Range - The scrip opened at 185.00, moved up to an intra-day high of 193.70, declined to an intra-day low of 185.00 and closed at 192.05s.

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

Balkrishna Ind

Last Close - 655.05 | Support - 641, 610 | Resistance - 680, 810

Trading Range - The scrip opened at 630.00, moved up to an intra-day high of 657.00, declined to an intra-day low of 630.00 and closed at 655.05.

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.