Stock picks for muhurat trading

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

Sensex (Daily)                                                                     

Last Close - 19058.93 | Support -18883, 18327 | Resistance -19276, 19621

Trading Range - The Sensex opened at 19110.40, moved up to an intra-day high of 19209.91, declined to an intra-day low of 18917.40 and closed at 19058.93. 

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has received buying support at lower levels, 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 distinct possibility) could come in above the 19081 level while resistance at higher levels (19301) – would limit the upside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level. 

Premier Auto. (Daily)                                                  

Last Close - 111.55 | Support - 095, 074 | Resistance - 125, 150

Trading Range - The scrip opened at 102.00, moved up to an intra-day high of 111.55, declined to an intra-day low of 101.00 and closed at 111.55.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.   

Indo Borax. (Daily)                                                     

Last Close - 178.55 | Support - 139, 118 | Resistance - 180, 206

Trading Range - The scrip opened at 166.00, moved up to an intra-day high of 178.55, declined to an intra-day low of 163.60 and closed at 178.55.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.   

Goldstone Tech. (Daily)                                                  

Last Close - 204.15 | Support - 194, 160 | Resistance - 225, 250

Trading Range - The scrip opened at 190.00, moved up to an intra-day high of 204.15, declined to an intra-day low of 190.00 and closed at 204.15.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.       

Asian Oil. (Daily)                                                     

Last Close - 163.00 | Support - 148, 129  | Resistance - 175, 200

Trading Range - The scrip opened at 160.00, moved up to an intra-day high of 166.90, declined to an intra-day low of 158.85 and closed at 163.00.

Review/Outlook - The scrip has reflected strength by appreciating 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 not only be having positions but could even be having contrary positions in the stocks mentioned above.