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

Sensex

Last Close - 16783.87 | Support - 16681, 16416 | Resistance - 16964, 17292

Trading Range - The Sensex opened at 16686.55, moved up to an intra-day high of 16853.96, declined to an intra-day low of 16597.53 and closed at 16783.87.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower 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 16798 level while significant resistance at higher levels (16861) - would limit the upside. The outlook has turned positive again while resistance comes in at the 16609+ level and support comes in at the 15300 level.

Vakrangee Soft

Last Close - 251.90 | Support - 232, 207 | Resistance - 280, 311

Trading Range - The scrip opened at 240.70, moved up to an intra-day high of 256.40, declined to an intra-day low of 232.00 and closed at 251.90.

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.

St. Trd. Corp

Last Close - 402.25 | Support - 370, 327 | Resistance - 418, 486

Trading Range - The scrip opened at 380.00, moved up to an intra-day high of 402.25, declined to an intra-day low of 375.00 and closed at 402.25.

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.

Bang Overseas

Last Close - 194.35 | Support - 172, 144 | Resistance - 207, 232

Trading Range - The scrip opened at 192.80, moved up to an intra-day high of 197.00, declined to an intra-day low of 185.00 and closed at 194.35.

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.

Gmr Ind

Last Close - 092.65 | Support - 085, 064 | Resistance - 097, 129

Trading Range - The scrip opened at 088.00, moved up to an intra-day high of 092.65, declined to an intra-day low of 088.00 and closed at 092.65.

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.

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 not only be having positions but could even be having contrary positions in the stocks mentioned above.