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. Consumer Durables, IT & Auto have ended negative in varying degrees while Capital Goods, FMCG, Metals, Banks, Healthcare, Oil, Psu & Realty have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex (Daily)                                                                     

Last Close - 20728.05 | Support - 20700, 20498 | Resistance - 21000, 21200

Trading Range - The Sensex opened at 20918.23, moved up to an intra-day high of 20985.62, declined to an intra-day low of 20661.90 and closed at 20728.05. 

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has received selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 20739 level while resistance at higher levels (21000) - would limit the upside. The outlook has turned positive again while resistance comes in at the 21200+ level and support comes in at the 18833 level.  

Apollo Sindhoori. (Daily)                                                        

Last Close - 828.25 | Support - 792, 720 | Resistance - 900, 999

Trading Range - The scrip opened at 829.00, moved up to an intra-day high of 831.70, declined to an intra-day low of 772.00 and closed at 828.55.

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.   

Tulsyan Nect. (Daily)                                                  

Last Close - 109.35 | Support - 103, 087 | Resistance - 125, 143

Trading Range - The scrip opened at 108.00, moved up to an intra-day high of 109.35, declined to an intra-day low of 098.95 and closed at 109.35.

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.   

Ritesh Ind. (Daily)                                               

Last Close - 127.15 | Support - 121, 094 | Resistance - 142, 167

Trading Range - The scrip opened at 123.10, moved up to an intra-day high of 127.15, declined to an intra-day low of 123.10 and closed at 127.15.

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.       

Sowbhagya Exp. (Daily)                                                      

Last Close - 134.10 | Support - 123, 103 | Resistance - 151, 172

Trading Range - The scrip opened at 136.90, moved up to an intra-day high of 138.50, declined to an intra-day low of 133.00 and closed at 134.10.

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.