Stock picks of the day

The market has remained in a mixed frame of mind, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, Consumer Durables, IT & Oil

Auto, Metals, FMCG, Banks, PSU & Healthcare have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a marginal increase (read as turnover) while the undertone seemed panicky.

Sensex

Last Close - 13478.83 | Support - 13461, 13390 | Resistance - 13576, 13652

Trading Range - The Sensex opened at 13703.41, moved up to an intra-day high of 13703.41, declined to an intra-day low of 13408.56, and closed at 13478.83.            

Review/Outlook - The Sensex has reverted back to square one, hasn't overcome the previous sessions intra-day high after an extremely volatile trading session to almost continue its downmove after coming off from higher levels and has finally ended in negative territory on marginally higher volume. Volatility can be the order of the day, the negatives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day downside especially below the 13408 level while support at 13303 could lead to a late surge.        

Unitech Limited

Last Close - 383.45 | Support - 361, 314 | Resistance - 410, 453

Trading Range - The scrip opened at 375.00, moved up to an intra-day high of 383.45, declined to an intra-day low of 361.15 and closed at 383.45.

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. 

Manappuram GF

Last Close - 103.30 | Support - 099, 076 | Resistance - 118, 140

Trading Range - The scrip opened at 095.55, moved up to an intra-day high of 103.95, declined to an intra-day low of 095.00 and closed at 103.30.

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.

Raipur Alloys

Last Close - 164.60 | Support - 164, 144 | Resistance - 193, 225

Trading Range - The scrip opened at 161.15, moved up to an intra-day high of 167.00, declined to an intra-day low of 154.30 and closed at 164.60.

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.

Ansal Infra

Last Close - 605.75 | Support - 568, 500 | Resistance - 620, 650

Trading Range - The scrip opened at 572.50, moved up to an intra-day high of 605.75, declined to an intra-day low of 572.50 and closed at 605.75.

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.