Stock picks of the day

The market has moved up virtually from open to close to post a new high and has ended the day clearly in positive territory. FMCG, Banks, Pharma, Capital Goods, Consumer Durables, Oil, IT, Auto and PSU's have ended positive in varying degrees while IT and Metals have ended in negative territory. Volume registered a decent increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 10173 | Support - 10100, 9987 | Resistance - 10200, 10300

Trading Range - The Sensex opened at 10118, moved up to an intra-day high of 10183, declined to an intra-day low of 10096 and closed at 10173.

Review/Outlook - The Sensex has once again created history to not only post a fresh all time high but has also closed at an all time high on higher volume. The outlook continues to remain positive as the sequence of higher tops and bottoms is very much on and while a further upside cannot be ruled out, some resistance at higher levels seems possible - support comes in at the 9987 and the 9945 level.       

Keltech Eng. (Daily)

Last Close - 149.70 | Support - 146, 131 | Resistance - 162, 184

Trading Range - The scrip opened at 145.00, moved up to an intra-day high of 149.70, declined to an intra-day low of 145.00 and closed at 149.70.

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. 

Garware Ship. (Daily)

Last Close - 075.30 | Support - 067, 059 | Resistance - 088, 102

Trading Range - The scrip opened at 070.90, moved up to an intra-day high of 075.30, declined to an intra-day low of 069.50 and closed at 075.30.

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.

Champagne Ind. (Daily)

Last Close - 371.35 | Support - 343, 294 | Resistance - 386, 455

Trading Range - The scrip opened at 356.25, moved up to an intra-day high of 371.35, declined to an intra-day low of 355.00 and closed at 371.35.

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. 

RS Softw. (Daily)

Last Close - 097.20 | Support - 085, 063 | Resistance - 101, 112 

Trading Range - The scrip opened at 096.40, moved up to an intra-day high of 097.20, declined to an intra-day low of 092.00 and closed at 097.20.

Review/Outlook - The scrip has reflected strength by appreciating with an upward gap 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.