Stock picks of the day

The market has remained a volatile, has moved both ways and has finally ended the day in negative territory. Banks, Consumer Durables, FMCG, Healthcare, Metals, PSU's, Auto, Capital Goods, Oil and IT have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed mixed.

Sensex (Daily)

Last Close - 12723.59 | Support - 12711, 12622 | Resistance - 12819, 12900

Trading Range - The Sensex opened at 12881.80, moved up to an intra-day high of 12925.60, declined to an intra-day low of 12654.98 and closed at 12723.59.

Review/Outlook - The Sensex has reflected near term weakness to post a fresh 4 trading session low to come off sharply from its intra-day high and has ended deep in negative territory but on lower volume. A range bound movement seems to be on the cards while an intra-day downside cannot be ruled out especially below the 12654 level but strong support below the 12632 level could lead to a late recovery.                        

ECE Ind. (Daily)

Last Close - 296.10 | Support - 288, 256 | Resistance - 300, 350

Trading Range - The scrip opened at 289.30, moved up to an intra-day high of 296.10, declined to an intra-day low of 288.00 and closed at 296.10.

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. 

Ushdev Int. (Daily)

Last Close - 099.85 | Support - 096, 065 | Resistance - 110, 133

Trading Range - The scrip opened at 093.00, moved up to an intra-day high of 099.85, declined to an intra-day low of 092.25 and closed at 099.85.

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.

Simplex Con. (Daily)

Last Close - 378.95 | Support - 351, 286 | Resistance - 398, 440

Trading Range - The scrip opened at 346.95, moved up to an intra-day high of 378.95, declined to an intra-day low of 345.00 and closed at 378.95.

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.

GMR Ind. (Daily)

Last Close - 260.85 | Support - 257, 216 | Resistance - 310, 368

Trading Range - The scrip opened at 250.00, moved up to an intra-day high of 260.85, declined to an intra-day low of 250.00 and closed at 260.85.

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.

The market has remained a volatile, has moved both ways and has finally ended the day in negative territory. Banks, Consumer Durables, FMCG, Healthcare, Metals, PSU's, Auto, Capital Goods, Oil and IT have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed mixed.

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.