Stock tips for today

The market has remained volatile, has come off its intra-day low and has finally ended the day in positive territory. Consumer Durables, Metals, Oil, Healthcare, Capital Goods and FMCG have ended positive in varying degrees while the Banks, PSU, Auto and IT sectors have ended in negative territory.

Volume registered a nominal increase (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close -- 13186.89; Support -- 13135, 13030; Resistance -- 13200, 13300

Trading Range: The Sensex opened at 13155.11, moved up to an intra-day high of 13206.87, declined to an intra-day low of 13111.65 and closed at 13186.89.

Review/Outlook: The Sensex has reflected strength to not only post an all time high but has also given an all time high closing to end in positive territory on slightly higher volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 13207 level (an intra-day decline could come in only below the 13111 level) while intra-day support comes in at the 13081 level indicating a rather limited downside.

Walchandnagar Ind. (Daily)

Last Close -- 931.75; Support -- 900, 823; Resistance -- 950, 999

Trading Range: The scrip opened at 903.30, moved up to an intra-day high of 931.75, declined to an intra-day low of 901.00 and closed at 931.75.

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.

Taneja Aero. (Daily)

Last Close -- 152.50; Support -- 147, 130; Resistance -- 157, 173

Trading Range: The scrip opened at 149.00, moved up to an intra-day high of 152.50, declined to an intra-day low of 146.25 and closed at 152.50.

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.

Vakrangee Softw. (Daily)

Last Close -- 241.30; Support -- 223, 200; Resistance -- 260, 297

Trading Range: The scrip opened at 232.00, moved up to an intra-day high of 241.30, declined to an intra-day low of 231.50 and closed at 241.30.

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.

JMC Project. (Daily)

Last Close -- 176.75; Support -- 160, 148; Resistance -- 179, 214

Trading Range: The scrip opened at 172.10, moved up to an intra-day high of 176.75, declined to an intra-day low of 171.00 and closed at 176.75.

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.

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 even be having contrary positions in the stocks mentioned above.