Stock picks of the day

The market has moved virtually from open to close to not only post a fresh all time high but has also ended the day in positive territory. Banks, Consumer Durables, Auto, PSU, Metals, Oil, Pharma, IT, Capital Goods and the FMCG sector have ended positive in varying degrees while no sector have ended in negative territory. Volume registered a significant increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 9685.74 | Support - 9665, 9547 | Resistance - 9820, 9987

Trading Range - The Sensex opened at 9580.30, moved up to an intra-day high of 9714.48, declined to an intra-day low of 9580.30 and closed at 9685.74.

Review/Outlook - The Sensex has finally closed above the 9665 level on significantly higher volume while a close above the aforesaid level today would also be of importance as it is also the last trading session of the week. The outlook is turning positive while the sanctity of the 9665 level needs to be maintained for the current ongoing positives to continue.          

Amara Raja. (Daily)

Last Close - 217.10 | Support - 199, 185 | Resistance - 221, 244

Trading Range - The scrip opened at 202.00, moved up to an intra-day high of 217.10, declined to an intra-day low of 198.25 and closed at 217.10.

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.  (Daily)

Last Close - 414.90 | Support - 381, 352 - Resistance - 423, 452

Trading Range - The scrip opened at 400.00, moved up to an intra-day high of 414.90, declined to an intra-day low of 395.00 and closed at 414.90.

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.  

KLG Systel. (Daily)

Last Close - 267.90 | Support - 240, 209 | Resistance - 281, 330

Trading Range - The scrip opened at 262.00, moved up to an intra-day high of 267.90, declined to an intra-day low of 262.00 and closed at 267.90.

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. 

Aplab. (Daily) 

Last Close - 125.90 | Support - 123, 104 | Resistance - 132, 163 

Trading Range - The scrip opened at 119.05, moved up to an intra-day high of 125.90, declined to an intra-day low of 119.00 and closed at 125.90.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close 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.