Hot stocks of the day

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

Sensex

Last Close - 14919.19 | Support - 14830, 14723 | Resistance - 14964, 15115

Trading Range - The Sensex opened at 14857.65, moved up to an intra-day high of 14952.04, declined to an intra-day low of 14751.68 and closed at 14919.19.

Review/Outlook - The Sensex has had a solid trading session, has had a strong opening, has appreciated after receiving buying support even at higher levels, has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a formality) could come in below the 14899 level while support at lower levels (14581) - would limit the downside. The outlook seems to be turning shaky again while resistance comes in at the 15550+ level and support comes in at the 14005 level.

Paradyne Inf

Last Close - 210.50 | Support - 200, 184 | Resistance - 228, 250

Trading Range - The scrip opened at 200.25, moved up to an intra-day high of 210.50, declined to an intra-day low of 200.00 and closed at 210.50.

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

Schrader Dun

Last Close - 363.25 | Support - 360, 326 | Resistance - 400, 425

Trading Range - The scrip opened at 350.00, moved up to an intra-day high of 363.35, declined to an intra-day low of 347.00 and closed at 363.25.

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

Radha Madhav

Last Close - 070.10 | Support - 067, 056 | Resistance - 072, 087

Trading Range - The scrip opened at 067.00, moved up to an intra-day high of 070.10, declined to an intra-day low of 066.00 and closed at 070.10.

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

Swan Mills

Last Close - 084.80 | Support - 071, 042 | Resistance - 095, 108

Trading Range - The scrip opened at 081.00, moved up to an intra-day high of 084.80, declined to an intra-day low of 080.05 and closed at 084.80.

Review/Outlook - The scrip has reflected strength by appreciating 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.