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 sharply in positive territory. Metal, Realty, Consumer Durables, Oil, FMCG, IT, Auto, PSU, Capital Goods, Banks & Healthcare have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed upbeat.

Sensex

Last Close - 16217.49 | Support - 15956, 15734 | Resistance - 16308, 16416

Trading Range - The Sensex opened at 15612.61, moved up to an intra-day high of 16262.38, declined to an intra-day low of 15612.61 and closed at 16217.49.

Review/Outlook - The Sensex has had a positive trading session, has had a positive opening, has moved just one way, has received buying support even at higher levels, has come off from its intra - day low and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 16231 level while significant resistance at higher levels (16390) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.

Radico Khaitan

Last Close - 114.05 | Support - 101, 076 | Resistance - 137, 172

Trading Range - The scrip opened at 110.90, moved up to an intra-day high of 116.00, declined to an intra-day low of 108.40 and closed at 114.05.

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.

Northgate Tech

Last Close - 417.25 | Support - 410, 371 | Resistance - 484, 553

Trading Range - The scrip opened at 343.00, moved up to an intra-day high of 425.80, declined to an intra-day low of 343.00 and closed at 417.25.

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.

Sterl. Int'nl

Last Close - 189.25 | Support - 187, 135 | Resistance - 221, 253

Trading Range - The scrip opened at 191.20, moved up to an intra-day high of 191.50, declined to an intra-day low of 177.30 and closed at 189.25.

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.

Kirl. Bros

Last Close - 246.90 | Support - 240, 226 | Resistance - 275, 357

Trading Range - The scrip opened at 240.00, moved up to an intra-day high of 268.50, declined to an intra-day low of 231.10 and closed at 246.90.

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.