Stock picks of the day

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

Sensex

Last Close - 15045.73 | Support - 15000, 14900 | Resistance - 15100, 15200

Trading Range - The Sensex opened at 15018.71, moved up to an intra-day high of 15085.22, declined to an intra-day low of 15005.47 and closed at 15045.73.

Review/Outlook - The Sensex has had a historic trading session, has had a positive opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive 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 15085 level while some resistance at higher levels - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15100+ level and support comes in at the 14400 level.

Hind. Oil. Exp

Last Close - 128.55 | Support - 127, 109 | Resistance - 149, 175

Trading Range - The scrip opened at 119.00, moved up to an intra-day high of 128.55, declined to an intra-day low of 118.10 and closed at 128.55.

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.

Amara Raja

Last Close - 550.45 | Support - 544, 518 | Resistance - 575, 600

Trading Range - The scrip opened at 530.00, moved up to an intra-day high of 550.45, declined to an intra-day low of 525.00 and closed at 550.45.

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.

Zuari Ind

Last Close - 182.10 | Support - 179, 148 | Resistance - 215, 272

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 182.10, declined to an intra-day low of 165.00 and closed at 182.10.

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.

Tanla Sol

Last Close - 429.50 | Support - 407, 376 | Resistance - 451, 475

Trading Range - The scrip opened at 412.00, moved up to an intra-day high of 429.50, declined to an intra-day low of 412.00 and closed at 429.50.

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.