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, Psu, IT & Auto have ended positive in varying degrees while Capital Goods, Healthcare, Metal, Realty & Oil have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed hopeful.

Sensex

Last Close - 14482.22 | Support - 14431, 14046 | Resistance - 14732, 15037

Trading Range - The Sensex opened at 14338.27, moved up to an intra-day high of 14495.27, declined to an intra-day low of 14286.38 and closed at 14482.22.

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 14484 level while significant resistance at higher levels (14582) - 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 - 210.30 | Support - 199, 172 | Resistance - 221, 256

Trading Range - The scrip opened at 201.60, moved up to an intra-day high of 215.00, declined to an intra-day low of 201.60 and closed at 210.30.

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.

Jhun. Vanas

Last Close - 147.70 | Support - 127, 108 | Resistance - 149, 163

Trading Range - The scrip opened at 145.00, moved up to an intra-day high of 149.00, declined to an intra-day low of 144.00 and closed at 147.70.

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.

Refex Refrig

Last Close - 287.85 | Support - 276, 230 | Resistance - 324, 351

Trading Range - The scrip opened at 274.80, moved up to an intra-day high of 291.75, declined to an intra-day low of 272.50 and closed at 287.85.

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.

Gemini Comm

Last Close - 173.05 | Support - 149, 126 | Resistance - 186, 224

Trading Range - The scrip opened at 172.00, moved up to an intra-day high of 176.00, declined to an intra-day low of 168.25 and closed at 173.05.

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.