Volume registered a decrease (read as turnover) while the undertone was firm.

Sensex --Last Close: 3721.65 | Support: 3651, 3545 | Resistance: 3759, 3895

Trading Range -- The Sensex opened at 3702.14, moved up to an intra-day high of 3729.40, declined to an intra-day low of 3662.70 and closed at 3721.65.

Review/Outlook -- The Sensex has remained relatively range bound with a clear upward bias, albeit on slightly lower volume. The pivotals would seem to point towards a further upside in the Sensex.

ACC --Last Close: 181.90 | Support: 175, 166 | Resistance: 188, 203

Trading Range -- The scrip opened at 177.40, moved up to an intra-day high of 183.50, declined to an intra-day low of 175.05 and closed at 181.90.

Review/Outlook -- The scrip has reflected strength by posting a 28-month high and with the oscillators looking strong, a further upside seems possible.

Bank of Baroda --Last Close: 143.80 | Support: 141, 127 | Resistance: 155, 176

Trading Range -- The scrip opened at 143.55, moved up to an intra-day high of 145.90, declined to an intra-day low of 140.65 and closed at 143.80.

Review/Outlook -- The scrip has reflected strength by posting a 17-month high and with the oscillators signalling a buy, a further upside cannot be ruled out.

BHEL --Last Close: 290.65 | Support: 282, 268 | Resistance: 321, 370

Trading Range -- The scrip opened at 282.00, moved up to an intra-day high of 292.50, declined to an intra-day low of 281.10 and closed at 290.65.

Review/Outlook -- The scrip has given an upward breakout from a consolidation phase and with the oscillators looking positive, further appreciation seems to be on the cards.

Reliance --Last Close: – 344.70 | Support: 324, 302 | Resistance: 345, 374

Trading Range -- The scrip opened at 338.50, moved up to an intra-day high of 346.40, declined to an intra-day low of 334.80 and closed at 344.70.

Review/Outlook -- The scrip has reflected strength by giving an upward breakout from a consolidation pattern and with the indicators looking strong, a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 175, 166 181.90 188, 203 Up HLL 163, 155 163.15 172, 183 Td INFOSYS 2985, 2405 3440.10 3468, 3977 Sd ITC 729, 665 753.00 759, 802 Td MTNL 103, 95 112.00 115, 124 Td RIL 324, 302 344.70 345, 374 Up SATYAM 173, 149 185.60 199, 224 Sd SBI 415, 380 418.40 450, 488 Up TELCO 215, 199 221.05 232, 260 Up TISCO 189, 175 198.80 207, 220 Up 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, CMP - Current Market Price, 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. DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice. Sebi Disclosure: The author has no positions in the stocks mentioned above