Stock picks of the day

The market has actually moved just one way, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, Consumer Durables, FMCG, Healthcare, IT, Banks, Metals, Oil, Auto & PSU's have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 13382.01 | Support - 13296, 13135 | Resistance - 13390, 13461

Trading Range - The Sensex opened at 13737.36, moved up to an intra-day high of 13748.62, declined to an intra-day low of 13237.39 and closed at 13382.01.

Review/Outlook - The Sensex has finally reflected some amount of weakness by coming off sharply from its intra-day high by giving a downward bar reversal to end deep in negative territory on clearly higher volume. Volatility can be the order of the day, the negatives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day downside while a small intra-day relief recovery cannot be ruled out early on but sustainability still remains elusive.               

Flex Ind

Last Close - 133.05 | Support - 120, 099 | Resistance - 150, 175

Trading Range - The scrip opened at 130.85, moved up to an intra-day high of 139.50, declined to an intra-day low of 123.00 and closed at 133.05.

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. 

BPL Ltd

Last Close - 088.50 | Support - 087, 065 | Resistance - 112, 128

Trading Range - The scrip opened at 087.00, moved up to an intra-day high of 091.05, declined to an intra-day low of 085.00 and closed at 088.50.

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.

Crew Bos

Last Close - 236.30 | Support - 216, 187 | Resistance - 257, 300

Trading Range - The scrip opened at 232.00, moved up to an intra-day high of 245.00, declined to an intra-day low of 231.10 and closed at 236.30.

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.

Techno Electric

Last Close - 128.30 | Support - 116, 104 | Resistance - 150, 175

Trading Range - The scrip opened at 124.00, moved up to an intra-day high of 128.95, declined to an intra-day low of 123.10 and closed at 128.30.

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.

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.