Stock picks for today

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in positive territory.

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

Sensex (Daily)

Last Close | 14994.83; Support | 14732, 14431; Resistance | 15037, 15330

Trading Range: The Sensex opened at 15325.79, moved up to an intra-day high of 15465.81, declined to an intra-day low of 14930.08 and closed at 14994.83.

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 positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a mild possibility) could come in above the 15009 level while significant resistance at higher levels (15200) | would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.

Shiv Vani Oil. (Daily)

Last Close | 542.75; Support | 510, 445; Resistance | 543, 597

Trading Range: The scrip opened at 520.00, moved up to an intra-day high of 565.00, declined to an intra-day low of 520.00 and closed at 542.75.

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.

Northgate Tech. (Daily)

Last Close | 342.35; Support | 287, 232; Resistance | 371, 410

Trading Range: The scrip opened at 340.00, moved up to an intra-day high of 350.00, declined to an intra-day low of 320.05 and closed at 342.35.

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.

Sterl. Int'nl. (Daily)

Last Close | 182.45; Support | 161, 135; Resistance | 187, 221

Trading Range: The scrip opened at 178.00, moved up to an intra-day high of 182.75, declined to an intra-day low of 168.05 and closed at 182.45.

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.

Prithvi Info. (Daily)

Last Close | 154.50; Support | 132, 098; Resistance | 157, 195

Trading Range: The scrip opened at 158.95, moved up to an intra-day high of 162.00, declined to an intra-day low of 153.35 and closed at 154.50.

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.