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

Sensex (Daily)

Last Close - 15699.33 | Support - 15683, 15650 | Resistance - 15800, 15900

Trading Range - The Sensex opened at 15711.87, moved up to an intra-day high of 15771.26, declined to an intra-day low of 15572.98 and closed at 15699.33.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has depreciated after facing selling pressure at higher levels, but 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 15712 level while some resistance at higher levels (15772) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 16000+ level and support comes in at the 14800 level.

Bhagwati Banq. (Daily)

Last Close - 035.55 | Support - 034, 025 | Resistance - 042, 057

Trading Range - The scrip opened at 030.90, moved up to an intra-day high of 036.25, declined to an intra-day low of 030.50 and closed at 035.55.

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.

Artefact Pr. (Daily)

Last Close - 093.00 | Support - 085, 071 | Resistance - 101, 124

Trading Range - The scrip opened at 093.00, moved up to an intra-day high of 093.10, declined to an intra-day low of 090.00 and closed at 093.10.

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.

Ok Play India. (Daily)

Last Close - 122.00 | Support - 106, 083 | Resistance - 129, 142

Trading Range - The scrip opened at 123.90, moved up to an intra-day high of 130.00, declined to an intra-day low of 117.00 and closed at 122.00.

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.

Vishal Retail. (Daily)

Last Close - 692.10 | Support - 668, 640 | Resistance - 727, 756

Trading Range - The scrip opened at 685.00, moved up to an intra-day high of 700.00, declined to an intra-day low of 668.05 and closed at 692.10.

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.

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