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

Sensex

Last Close - 17353.54 | Support - 17292, 16964 | Resistance - 17494, 17711

Trading Range - The Sensex opened at 17084.89, moved up to an intra-day high of 17366.19, declined to an intra-day low of 17079.94 and closed at 17353.54.

Review/Outlook - The Sensex has had a solid trading session, has had a positive opening, has moved just one way, has faced 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 17369 level while significant resistance at higher levels (17564) - would limit the upside. The outlook is turning stable again while resistance comes in at the 17300+ level and support comes in at the 15300 level.

Fortis Fin. Ser

Last Close - 207.15 | Support - 193, 171 | Resistance - 213, 260

Trading Range - The scrip opened at 199.00, moved up to an intra-day high of 210.00, declined to an intra-day low of 197.00 and closed at 207.15.

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.

Fcs Softw

Last Close - 094.55 | Support - 084, 066 | Resistance - 104, 117

Trading Range - The scrip opened at 093.00, moved up to an intra-day high of 094.55, declined to an intra-day low of 092.50 and closed at 094.55.

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.

Bihar Tubes

Last Close - 180.85 | Support - 168, 139 | Resistance - 204, 239

Trading Range - The scrip opened at 183.90, moved up to an intra-day high of 183.90, declined to an intra-day low of 177.00 and closed at 180.85.

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.

Kirloskar Pn

Last Close - 472.70 | Support - 413, 376 | Resistance - 520, 580

Trading Range - The scrip opened at 447.00, moved up to an intra-day high of 474.00, declined to an intra-day low of 430.00 and closed at 472.70.

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.