Stock picks of the day

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

Sensex (Daily)                                                                     

Last Close - 14220.07 | Support - 14046, 13810 | Resistance - 14431, 14732

Trading Range - The Sensex opened at 13856.07, moved up to an intra-day high of 14248.65, declined to an intra-day low of 13731.54 and closed at 14220.07. 

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low 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 possibility) could come in above the 14231 level while significant resistance at higher levels (14400) – would limit the upside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12300 level.  

Reliance Pet. (Daily)                                                   

Last Close - 170.40 | Support - 162, 147 | Resistance - 184, 206

Trading Range - The scrip opened at 161.25, moved up to an intra-day high of 171.30, declined to an intra-day low of 158.65 and closed at 170.40.

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.    

Purvankara Ltd. (Daily)                                                          

Last Close - 183.85 | Support - 179, 156 | Resistance - 198, 223

Trading Range - The scrip opened at 165.60, moved up to an intra-day high of 188.00, declined to an intra-day low of 161.00 and closed at 183.85.

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.      

Ntpc. (Daily)                                          

Last Close - 157.30 | Support - 155, 141 | Resistance - 169, 184

Trading Range - The scrip opened at 154.25, moved up to an intra-day high of 158.80, declined to an intra-day low of 150.50 and closed at 157.30.

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.           

Cesc Limited. (Daily)                                               

Last Close - 396.15 | Support - 373, 350 | Resistance - 398, 419

Trading Range - The scrip opened at 374.45, moved up to an intra-day high of 402.05, declined to an intra-day low of 373.00 and closed at 396.15.

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.         

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.