Stock picks of the day

The market has remained volatile, has moved just one way and has finally ended the day in positive territory. Consumer Durables, FMCG, Healthcare, Oil, Banks, Capital Goods, Auto, Metals, PSU's and IT have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a sharp increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 12906.81 | Support - 12819, 12711 | Resistance - 12925, 13000

Trading Range - The Sensex opened at 12741.85, moved up to an intra-day high of 12921.23, declined to an intra-day low of 12741.85 and closed at 12906.81.

Review/Outlook - The Sensex has reflected some amount of strength by opening with an upward gap, has moved up virtually from open to close and has ended sharply in positive territory on significantly higher volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 12921 level but mild resistance at the 12994 level (previous high) could lead to some amount of selling pressure.                             

Ansal Infra. (Daily) 

Last Close - 801.95 | Support - 800, 750 | Resistance - 850, 900

Trading Range - The scrip opened at 780.05, moved up to an intra-day high of 801.95, declined to an intra-day low of 780.05 and closed at 801.95.

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. 

Walchandnagar Ind. (Daily)

Last Close - 778.05 | Support - 775, 727 | Resistance - 823, 900

Trading Range - The scrip opened at 763.70, moved up to an intra-day high of 778.05, declined to an intra-day low of 758.80 and closed at 778.05.

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.

Godrej Ind. (Daily)

Last Close - 144.10 | Support - 120, 088 | Resistance - 145, 175

Trading Range - The scrip opened at 140.40, moved up to an intra-day high of 144.10, declined to an intra-day low of 140.40 and closed at 144.10.

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.

Lumax Ind. (Daily)

Last Close - 381.65 | Support - 350, 300 | Resistance - 400, 450

Trading Range - The scrip opened at 364.50, moved up to an intra-day high of 381.65, declined to an intra-day low of 354.30 and closed at 381.65.

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.