Stock picks of the day

The market has had a volatile trading session to move both ways and has finally ended the day in positive territory. Banks, Consumer Durables, PSU, Capital Goods, FMCG, IT, Oil, FMCG and Metals have ended positive in varying degrees while Pharma and the Auto sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close - 10695.26 | Support - 10662, 10556 | Resistance - 10740, 10884

Trading Range - The Sensex opened at 10616.97, moved up to an intra-day high of 10729.92, declined to an intra-day low of 10589.46 and closed at 10695.26.

Review/Outlook - The Sensex has once again reflected a surprising amount of strength to stage a smart upmove and has also managed to close above the 10600 mark but on ridiculously lower volume. The outlook remains hazy and despite the extreme volatility, a range bound movement cannot be ruled out while an intra-day upside could come in only above the 10730 level while intra-day support comes in at the 10536 level.                                

Mangalam Cem. (Daily)

Last Close - 161.00 | Support - 141, 117 | Resistance - 175, 200

Trading Range - The scrip opened at 156.70, moved up to an intra-day high of 161.00, declined to an intra-day low of 155.50 and closed at 161.00.

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. 

Ansal Infra. (Daily)

Last Close - 433.40 | Support - 411, 341 | Resistance - 455, 500

Trading Range - The scrip opened at 425.10, moved up to an intra-day high of 433.40, declined to an intra-day low of 425.10 and closed at 433.40.

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.      

Sub. Proj. (Daily)

Last Close - 129.75 | Support - 129, 108 | Resistance - 156, 200

Trading Range - The scrip opened at 129.75, moved up to an intra-day high of 129.75, declined to an intra-day low of 126.00 and closed at 129.75.

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.      

GM Brew. (Daily)

Last Close - 145.05 | Support - 139, 108 | Resistance - 167, 189 

Trading Range - The scrip opened at 145.05, moved up to an intra-day high of 145.05, declined to an intra-day low of 138.20 and closed at 145.05.

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.