Stock picks of the day

The market has remained in a weak state of mind, has come off its intra-day high and has finally ended the day sharply in negative territory. Healthcare, FMCG, Banks, Consumer Durables , Realty, IT, Metal, Oil, Auto, Capital Goods & PSU have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed panicky.

Sensex

Last Close - 13802.22 | Support - 13780, 13554 | Resistance - 13810, 14046

Trading Range - The Sensex opened at 14127.76, moved up to an intra-day high of 14127.76, declined to an intra-day low of 13760.24 and closed at 13802.22.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved just one ways, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended sharply in negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in only below the 13800 level while significant support at lower levels (13502) - would limit the downside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12300 level.

Reliance Pet

Last Close - 173.35 | Support - 162, 147 | Resistance - 184, 206

Trading Range - The scrip opened at 169.00, moved up to an intra-day high of 177.95, declined to an intra-day low of 167.50 and closed at 173.35.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Purvankara Ltd

Last Close - 170.05 | Support - 156, 140 | Resistance - 179, 198

Trading Range - The scrip opened at 166.00, moved up to an intra-day high of 173.90, declined to an intra-day low of 156.05 and closed at 170.05.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

NTPC

Last Close - 151.05 | Support - 141, 126 | Resistance - 155, 169

Trading Range - The scrip opened at 150.00, moved up to an intra-day high of 153.00, declined to an intra-day low of 148.75 and closed at 151.05.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Cesc Limited

Last Close - 404.65 | Support - 398, 373 | Resistance - 419, 443

Trading Range - The scrip opened at 400.00, moved up to an intra-day high of 414.60, declined to an intra-day low of 380.25 and closed at 404.65.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside 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.