Stock picks of the day

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

Sensex (Daily)                                                                     

Last Close - 15695.10 | Support - 15300, 15037 | Resistance - 15734, 15956

Trading Range - The Sensex opened at 15754.87, moved up to an intra-day high of 15953.54, declined to an intra-day low of 15655.20 and closed at 15695.10. 

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15709 level while significant resistance at higher levels (15800) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 16340+ level and support comes in at the 15300 level.  

Rdb Ind. (Daily)                                                         

Last Close - 148.85 | Support - 123, 096 | Resistance - 152, 183

Trading Range - The scrip opened at 146.00, moved up to an intra-day high of 149.80, declined to an intra-day low of 146.00 and closed at 148.85.

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.   

Shyam Tele. (Daily)                                                    

Last Close - 088.90 | Support - 074, 059 | Resistance - 093, 118

Trading Range - The scrip opened at 088.30, moved up to an intra-day high of 092.00, declined to an intra-day low of 087.00 and closed at 088.90.

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.   

Tilaknagar Ind. (Daily)                                        

Last Close - 155.65 | Support - 154, 134 | Resistance - 205, 241

Trading Range - The scrip opened at 143.50, moved up to an intra-day high of 155.65, declined to an intra-day low of 143.50 and closed at 155.65.

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 - 187.90 | Support - 148, 110 | Resistance - 188, 254

Trading Range - The scrip opened at 182.25, moved up to an intra-day high of 189.00, declined to an intra-day low of 182.15 and closed at 187.90.

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.