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. Fmcg, Banks, Healthcare, Consumer Durables, Oil, Capital Goods, Metals, IT & Auto have ended positive in varying degrees while Psu & Realty have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex

Last Close - 14401.49 | Support - 14046, 13872 | Resistance - 14431, 14732

Trading Range - The Sensex opened at 14153.39, moved up to an intra-day high of 14428.52, declined to an intra-day low of 14136.86 and closed at 14401.49.

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 lower volume. Volatility can be the order of the day; an intra-day upside (seems like a formality) could come in above the 14404 level while significant resistance at higher levels (14646) - would limit the upside. The outlook has turned negative again while resistance comes in at the 15500+ level and support comes in at the 12780 level.

Ranklin Sol

Last Close - 198.90 | Support - 172, 146 | Resistance - 199, 221

Trading Range - The scrip opened at 192.00, moved up to an intra-day high of 201.95, declined to an intra-day low of 192.00 and closed at 198.90.

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.

Jhun. Vanas

Last Close - 143.60 | Support - 127, 108 | Resistance - 149, 163

Trading Range - The scrip opened at 137.20, moved up to an intra-day high of 143.60, declined to an intra-day low of 137.10 and closed at 143.60.

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.

Refex Refrig

Last Close - 275.70 | Support - 230, 221 | Resistance - 276, 308

Trading Range - The scrip opened at 274.25, moved up to an intra-day high of 280.00, declined to an intra-day low of 272.00 and closed at 275.70.

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.

Gemini Comm

Last Close - 160.95 | Support - 149, 126 | Resistance - 186, 224

Trading Range - The scrip opened at 149.25, moved up to an intra-day high of 160.95, declined to an intra-day low of 148.95 and closed at 160.95.

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.