Stock picks of the day

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

Sensex

Last Close - 16721.08 | Support - 16681, 16416 | Resistance - 16964, 17292

Trading Range - The Sensex opened at 16796.26, moved up to an intra-day high of 16844.02, declined to an intra-day low of 16668.60 and closed at 16721.08.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 16739 level while significant resistance at higher levels (16840) - 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.

Lkp Mer. Fin

Last Close - 170.15 | Support - 170, 151 | Resistance - 209, 234

Trading Range - The scrip opened at 167.25, moved up to an intra-day high of 170.90, declined to an intra-day low of 159.10 and closed at 170.15.

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 - 443.45 | Support - 418, 370 | Resistance - 486, 547

Trading Range - The scrip opened at 442.40, moved up to an intra-day high of 443.45, declined to an intra-day low of 422.00 and closed at 443.45.

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 - 199.35 | Support - 172, 144 | Resistance - 207, 232

Trading Range - The scrip opened at 200.10, moved up to an intra-day high of 204.00, declined to an intra-day low of 195.00 and closed at 199.35.

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.

Tricom India

Last Close - 161.30 | Support - 142, 112 | Resistance - 166, 197

Trading Range - The scrip opened at 158.00, moved up to an intra-day high of 161.35, declined to an intra-day low of 154.05 and closed at 161.30.

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.

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.