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

Sensex

Last Close - 14338.45 | Support - 14325, 14243 | Resistance - 14454, 14524

Trading Range  -The Sensex opened at 14073.61, moved up to an intra-day high of 14364.95, declined to an intra-day low of 14046.06 and closed at 14338.45.

Review/Outlook - The Sensex has reflected significant amount of strength, has had a rather weak opening, has moved up, has received significant buying support to come off from its intra-day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 14365 level while some resistance at higher levels (14480) - which could limit the upside. The outlook seems to have turned slightly better again while resistance comes in at the 14500+ level and support comes in at the 13800 level.

Global Board

Last Close - 896.15 | Support - 860, 780 | Resistance - 900, 950

Trading Range - The scrip opened at 837.75, moved up to an intra-day high of 898.35, declined to an intra-day low of 825.00 and closed at 896.15.

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.

Asian Elect

Last Close - 610.40 | Support - 597, 564 | Resistance - 625, 650

Trading Range - The scrip opened at 576.10, moved up to an intra-day high of 610.40, declined to an intra-day low of 576.10 and closed at 610.40.

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.

Aurionpro Sol

Last Close - 343.45 | Support - 328, 293 | Resistance - 350, 400

Trading Range - The scrip opened at 327.00, moved up to an intra-day high of 343.45, declined to an intra-day low of 327.00 and closed at 343.45.

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.

Bombay Burmah

Last Close - 299.80 | Support - 265, 242 | Resistance - 315, 386

Trading Range - The scrip opened at 269.95, moved up to an intra-day high of 299.80, declined to an intra-day low of 265.00 and closed at 299.80.

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.

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.