Stock picks 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. Healthcare, IT, Capital Goods, Banks, Auto, FMCG, Consumer Durables, Metals & PSU have ended positive in varying degrees while the Oil sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 15422.05 | Support - 15341, 15216 | Resistance - 15440, 15773

Trading Range - The Sensex opened at 15401.99, moved up to an intra-day high of 15427.16, declined to an intra-day low of 15323.05 and closed at 15422.05.

Review/Outlook - The Sensex has had a smart trading session, has had a strong opening, has appreciated after receiving buying support at even higher levels, has come off from its intra-day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15427 level while resistance at higher levels (15550) - would limit the upside. The outlook seems to be turning stable again while resistance comes in at the 15550+ level and support comes in at the 14005 level.

Deep Inds. (Daily)

Last Close - 102.40 | Support - 102, 092 | Resistance - 118, 140

Trading Range - The scrip opened at 100.00, moved up to an intra-day high of 102.50, declined to an intra-day low of 096.00 and closed at 102.40.

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.

Aarvee Denim. (Daily)

Last Close - 097.65 | Support - 097, 075 | Resistance - 119, 145

Trading Range - The scrip opened at 097.65, moved up to an intra-day high of 097.65, declined to an intra-day low of 094.55 and closed at 097.65.

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.

Simplex Real. (Daily)

Last Close - 202.55 | Support - 193, 160 | Resistance - 224, 260

Trading Range - The scrip opened at 191.05, moved up to an intra-day high of 203.00, declined to an intra-day low of 191.00 and closed at 202.55.

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.

Shyam Star. (Daily)

Last Close - 092.00 | Support - 081, 069 | Resistance - 093, 120

Trading Range - The scrip opened at 092.25, moved up to an intra-day high of 092.25, declined to an intra-day low of 086.10 and closed at 092.00.

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.

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.