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

Sensex

Last Close - 14080.14 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 14241.76, moved up to an intra-day high of 14283.71, declined to an intra-day low of 14057.26 and closed at 14080.14.

Review/Outlook - The Sensex has reflected some amount of strength, has had a rather positive opening, but hasn't been able to sustain itself after facing strong selling pressure and has come off from its intra- day high, has finally ended in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 14057 level while good support at lower levels (13984) - would limit the downside. The outlook seems to have turned shaky again while resistance comes in at the 14480+ level and support comes in at the 13953 level.

Asian Elect

Last Close - 764.80 | Support - 750, 693 | Resistance - 800, 850

Trading Range - The scrip opened at 735.00, moved up to an intra-day high of 764.80, declined to an intra-day low of 735.00 and closed at 764.80.

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.

Geodesic Info

Last Close - 274.50 | Support - 264, 235 | Resistance - 293, 327

Trading Range - The scrip opened at 260.00, moved up to an intra-day high of 274.50, declined to an intra-day low of 260.00 and closed at 274.50.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Ess Dee Alumin

Last Close - 431.20 | Support - 409, 378 | Resistance - 449, 500

Trading Range - The scrip opened at 396.00, moved up to an intra-day high of 431.20, declined to an intra-day low of 393.50 and closed at 431.20.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Paradyne Inf

Last Close - 167.20 | Support - 150, 127 | Resistance - 175, 200

Trading Range - The scrip opened at 160.50, moved up to an intra-day high of 167.20, declined to an intra-day low of 157.45 and closed at 167.20.

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.

Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.