Stock picks of the day

The market has remained relatively stable, has come off its intra-day low and has finally ended the day in positive territory. Banks, Oil, Metals, IT, Capital Goods & PSU's have ended positive in varying degrees while Consumer Durables, FMCG, Healthcare & Auto sectors have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)                                                                     

Last Close - 14110.46 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 14069.61, moved up to an intra-day high of 14156.46, declined to an intra-day low of 14043.54 and closed at 14110.46.

Review/Outlook - The Sensex has reflected near term strength by not breaching the previous trading session's intra-day low to come off from its intra-day low and has finally ended in positive territory on distinctly higher volume. Volatility can be the order of the day, the positives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14156 level while strong support at lower levels (14072) could mean a rather limited downside.              

Heritage Foods. (Daily)                                                

Last Close - 315.75 | Support - 290, 260 | Resistance - 325, 350

Trading Range - The scrip opened at 290.00, moved up to an intra-day high of 315.75, declined to an intra-day low of 290.00 and closed at 315.75.

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. 

Goldiam Int'nl. (Daily)                                                 

Last Close - 148.95 | Support - 139, 103 | Resistance - 171, 199

Trading Range - The scrip opened at 143.70, moved up to an intra-day high of 148.95, declined to an intra-day low of 140.00 and closed at 148.95.

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.

Fedders Lloyd. (Daily)                                        

Last Close - 128.80 | Support - 123, 102 | Resistance - 135, 160

Trading Range - The scrip opened at 125.25, moved up to an intra-day high of 128.80, declined to an intra-day low of 124.80 and closed at 128.80.

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.

Ruby Mills. (Daily)                                              

Last Close - 540.75 | Support - 506, 475 | Resistance - 562, 587

Trading Range - The scrip opened at 530.50, moved up to an intra-day high of 540.75, declined to an intra-day low of 520.00 and closed at 540.75.

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. 

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.