The market has come under pressure and slipped some more to end in negative territory.

Capital goods, consumer durables, FMCG, pharma, IT and PSUs all came under pressure to end on a negative note while it was the Banking sector which just about finished positive. Volume registered a decrease (read as turnover) while the undertone was shaky.

Trading Range -- The Sensex opened at 3651.39, moved up to an intra-day high of 3684.23, declined to an intra-day low of 3625.73 and closed at 3647.50.

Review/Outlook -- The Sensex has reflected weakness by closing below the intra-day lows of the previous 5 trading sessions (on lower volume) - while further weakness seems possible.

Trading Range -- The scrip opened at 789.80, moved up to an intra-day high of 804.75, declined to an intra-day low of 780.30 and closed at 795.90.

Review/Outlook -- The scrip has reflected strength by giving an upward 'key' reversal (bullish intra-day pattern) and with the oscillators looking strong, further upside seems possible.

Trading Range -- The scrip opened at 253.90, moved up to an intra-day high of 275.00, declined to an intra-day low of 250.00 and closed at 270.60.

Review/Outlook -- The scrip has reflected strength by giving an upward "key" reversal (bullish intra-day pattern) and with the oscillators signalling a buy, a further upside cannot be ruled out.

Trading Range -- The scrip opened at 268.95, moved up to an intra-day high of 277.30, declined to an intra-day low of 268.00 and closed at 274.35.

Review/Outlook -- The scrip has closed above a minor supply line and with the oscillators looking positive, further appreciation seems to be on the cards.

Trading Range -- The scrip opened at 177.00, moved up to an intra-day high of 180.40, declined to an intra-day low of 170.65 and closed at 177.75.

Review/Outlook -- The scrip has reflected strength by giving an upward 'key' reversal (bullish intra-day 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 166, 155 174.40 175, 188 Sd HLL 141, 127 152.45 155, 163 Td INFOSYS 2985, 2405 3386.70 3468, 3977 Sd ITC 729, 665 744.35 759, 802 Td MTNL 103, 95 105.05 115, 124 Td RIL 324, 302 339.15 345, 374 Up SATYAM 173, 149 173.45 199, 224 Td SBI 380, 358 414.15 415, 450 Up TELCO 215, 199 225.90 232, 260 Up TISCO 189, 175 197.15 207, 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.