Stock picks for today

The market has remained in a negative 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, FMCG, Metals, Banks, Auto, PSU & Healthcare have ended negative in varying degrees while no sector has ended in positive territory.

Volume registered a noticeable decrease (read as turnover) while the undertone seemed weak.

Sensex (Daily)

Last Close -- 12886.13;

Support -- 12819, 12711; Resistance -- 12925, 13030

Trading Range: The Sensex opened at 13139.10, moved up to an intra-day high of 13254.03, declined to an intra-day low of 12836.75, and closed at 12886.13.

Review/Outlook: The Sensex's indecisive attitude seems to have come to an abrupt halt and despite being rather range bound, the downward bias has become more apparent and the downtrend looks set to plummet to newer lows with renewed vigour. 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 12800 level while a decisive breach of this level could mean a fall to the 12500 level in a couple of trading sessions.

Vivimed Labs (Daily)

Last Close -- 198.00; Support -- 182, 166; Resistance -- 215, 249

Trading Range: The scrip opened at 184.00, moved up to an intra-day high of 198.00, declined to an intra-day low of 183.90 and closed at 198.00.

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.

Pioneer Embr (Daily)

Last Close -- 216.60; Support -- 206, 173; Resistance -- 226, 256 Trading Range: The scrip opened at 210.00, moved up to an intra-day high of 216.60, declined to an intra-day low of 210.00 and closed at 216.60.

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.

Pat. Int. Log. (Daily)

Last Close -- 071.05; Support -- 069, 058; Resistance -- 072, 086

Trading Range: The scrip opened at 066.00, moved up to an intra-day high of 071.05, declined to an intra-day low of 064.35 and closed at 071.05.

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.

Lakshmi Prec. (Daily)

Last Close -- 088.95; Support -- 080, 062; Resistance -- 119, 132

Trading Range: The scrip opened at 085.10, moved up to an intra-day high of 088.95, declined to an intra-day low of 085.10 and closed at 088.95.

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.

Daily Stock Track

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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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.