Stock picks of the day

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

Sensex (Daily)

Last Close - 13773.59 | Support - 13652, 13576 | Resistance - 13800, 13900

Trading Range - The Sensex opened at 13716.46, moved up to an intra-day high of 13799.08, declined to an intra-day low of 13716.46 and closed at 13773.59.

Review/Outlook - The Sensex has reflected some amount of indecision by staying relatively range bound despite crossing the previous trading session's high and despite posting a fresh all time high has remained rather benign on distinctly lower volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out but only above the 13800 level while intra-day support comes in at the 13716 level.             

Ramco Sys. (Daily)

Last Close - 190.60 | Support - 187, 169 | Resistance - 196, 233

Trading Range - The scrip opened at 180.20, moved up to an intra-day high of 190.60, declined to an intra-day low of 180.10 and closed at 190.60.

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. 

Tilaknagar Ind. (Daily)

Last Close - 064.65 | Support - 058, 050 | Resistance - 070, 085

Trading Range - The scrip opened at 056.10, moved up to an intra-day high of 064.65, declined to an intra-day low of 052.40 and closed at 064.65.

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.

Murali Agro. (Daily)

Last Close - 419.15 | Support - 394, 329 | Resistance - 425, 475

Trading Range - The scrip opened at 413.70, moved up to an intra-day high of 423.30, declined to an intra-day low of 409.00 and closed at 419.15.

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.

Atul Ltd. (Daily)

Last Close - 139.95 | Support - 133, 112 | Resistance - 152, 175

Trading Range - The scrip opened at 127.50, moved up to an intra-day high of 139.95, declined to an intra-day low of 127.50 and closed at 139.95.

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.

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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