Stock picks of the day

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

Sensex (Daily)

Last Close - 13680.83 | Support - 13652, 13576 | Resistance - 13800, 13900

Trading Range - The Sensex opened at 13667.13, moved up to an intra-day high of 13790.82, declined to an intra-day low of 13643.47 and closed at 13680.83.

Review/Outlook - The Sensex has reflected some amount of near term weakness by not being able to sustain at higher levels to come off from its intra-day high to finally end in negative territory on distinctly higher volume. A range bound movement seems to be on the cards while an intra-day downside cannot be ruled out especially above the 13650 level while intra-day support comes in at the 13601 level.           

Alfred Herb. (Daily)

Last Close - 314.55 | Support - 293, 256 | Resistance - 323, 363

Trading Range - The scrip opened at 289.00, moved up to an intra-day high of 314.55, declined to an intra-day low of 280.00 and closed at 314.55.

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. 

Vakrangee Soft. (Daily)

Last Close - 239.20 | Support - 223, 200 | Resistance - 260, 297

Trading Range - The scrip opened at 228.00, moved up to an intra-day high of 239.20, declined to an intra-day low of 225.00 and closed at 239.20.

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.

Areva. (Daily)

Last Close - 909.90 | Support - 886, 779 | Resistance - 950, 999

Trading Range - The scrip opened at 882.00, moved up to an intra-day high of 909.90, declined to an intra-day low of 881.00 and closed at 909.90.

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 - 174.35 | Support - 145, 120 | Resistance - 175, 200

Trading Range - The scrip opened at 174.35, moved up to an intra-day high of 174.35, declined to an intra-day low of 170.00 and closed at 174.35.

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.

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.

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