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. Banks, IT, Metal, Oil & PSU's have ended negative in varying degrees while Consumer Durables, Capital Goods, Healthcare & Auto have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex

Last Close - 14664.26 | Support - 14620, 14524 | Resistance - 14723, 14850

Trading Range - The Sensex opened at 14685.16, moved up to an intra-day high of 14745.97, declined to an intra-day low of 14638.88 and closed at 14664.26.

Review/Outlook - The Sensex has had a historic trading session, has had a positive opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day high and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 14638 level while some support at lower levels (14574) - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 14720+ level and support comes in at the 14040 level.

Ion Exchange

Last Close - 149.65 | Support - 142, 114 | Resistance - 162, 184

Trading Range - The scrip opened at 138.90, moved up to an intra-day high of 149.65, declined to an intra-day low of 138.90 and closed at 149.65.

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.

Pratibha Ind

Last Close - 242.60 | Support - 219, 181 | Resistance - 251, 278

Trading Range - The scrip opened at 240.00, moved up to an intra-day high of 242.60, declined to an intra-day low of 230.00 and closed at 242.60.

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

Jetking Info

Last Close - 600.40 | Support - 574, 532 | Resistance - 619, 645

Trading Range - The scrip opened at 568.00, moved up to an intra-day high of 614.35, declined to an intra-day low of 568.00 and closed at 600.40.

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

Nelco Ltd

Last Close - 112.55 | Support - 104, 088 | Resistance - 116, 140

Trading Range - The scrip opened at 103.40, moved up to an intra-day high of 112.55, declined to an intra-day low of 102.65 and closed at 112.55.

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.

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.