Hot stocks of the day

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Capital Goods, Banks, Auto, FMCG, Consumer Durables, Metals, PSU & Oil have ended positive in varying degrees while Healthcare & the IT sector have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex

Last Close - 14993.04 | Support - 14964, 14830 | Resistance - 15115, 15216

Trading Range - The Sensex opened at 14651.49, moved up to an intra-day high of 15029.53, declined to an intra-day low of 14592.11 and closed at 14993.04.

Review/Outlook - The Sensex has had a volatile trading session, has had a weak opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a formality) could come in above the 15029 level while resistance at higher levels (15215) - 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.

Paradyne Inf

Last Close - 210.50 | Support - 200, 184 | Resistance - 228, 250

Trading Range - The scrip opened at 206.90, moved up to an intra-day high of 215.00, declined to an intra-day low of 205.00 and closed at 210.50.

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.

Jmc Projects

Last Close - 299.80 | Support - 278, 249 | Resistance - 310, 340

Trading Range - The scrip opened at 285.00, moved up to an intra-day high of 302.00, declined to an intra-day low of 283.50 and closed at 299.80.

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.

Radha Madhav

Last Close - 071.30 | Support - 067, 056 | Resistance - 072, 087

Trading Range - The scrip opened at 068.50, moved up to an intra-day high of 073.35, declined to an intra-day low of 068.50 and closed at 071.30.

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.

Swan Mills

Last Close - 088.95 | Support - 071, 042 | Resistance - 095, 108

Trading Range - The scrip opened at 084.80, moved up to an intra-day high of 089.00, declined to an intra-day low of 083.70 and closed at 088.95.

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.