Stock picks of the day

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

Sensex (Daily)

Last Close - 13399.00 | Support - 13300, 13200 | Resistance - 13400, 13500

Trading Range - The Sensex opened at 13295.24, moved up to an intra-day high of 13410.08, declined to an intra-day low of 13287.28 and closed at 13399.00.

Review/Outlook - The Sensex has reflected near term strength to actually move up virtually one way during the course of the trading session to finally end in positive territory after coming off from its intra-day low on clearly lower volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 13410 level while intra-day support comes in at the 13332 level.   

Walchandnagar Ind. (Daily)

Last Close - 953.80 | Support - 950, 900 | Resistance - 999, 1050

Trading Range - The scrip opened at 914.40, moved up to an intra-day high of 956.40, declined to an intra-day low of 910.00 and closed at 953.80.

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. 

Ansal Hsg. (Daily) 

Last Close - 345.45 | Support - 304, 251 | Resistance - 350, 400

Trading Range - The scrip opened at 344.80, moved up to an intra-day high of 345.35, declined to an intra-day low of 339.90 and closed at 345.35.

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.

Unitech Ltd. (Daily)

Last Close - 425.95 | Support - 400, 343 | Resistance - 450, 500

Trading Range - The scrip opened at 417.40, moved up to an intra-day high of 425.95, declined to an intra-day low of 410.00 and closed at 425.95.

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.

Ansal Infra. (Daily)

Last Close - 923.20 | Support - 900, 850 | Resistance - 950, 999

Trading Range - The scrip opened at 890.00, moved up to an intra-day high of 923.20, declined to an intra-day low of 890.00 and closed at 923.20.

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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