Volume registered an increase (read as turnover) while the undertone was firm.

Sensex --Last Close: 3668.07 | Support: 3651, 3545 | Resistance: 3759, 3895

Trading Range -- The Sensex opened at 3595.60, moved up to an intra-day high of 3678.38, declined to an intra-day low of 3572.64 and closed at 3668.07.

Review/Outlook -- The Sensex has staged a brilliant rally on higher volume to end on an extremely strong note while further progress from an intra-day point of view seems possible.

HCL Info --Last Close: 161.25 | Support: 150, 132 | Resistance: 163, 187

Trading Range -- The scrip opened at 153.00, moved up to an intra-day high of 163.00, declined to an intra-day low of 152.00 and closed at 161.25.

Review/Outlook -- The scrip has reflected strength by giving an upward breakout from a consolidation phase and with the oscillators looking better, further upside seems possible.

Hughes Soft --Last Close: 297.05 | Support: 293, 266 | Resistance: 320, 367

Trading Range -- The scrip opened at 286.00, moved up to an intra-day high of 299.80, declined to an intra-day low of 284.50 and closed at 297.05.

Review/Outlook -- The scrip has reflected strength by sustaining its positive momentum and with the oscillators signalling a buy, a further upside cannot be ruled out.

GlaxoSmithKline --Last Close: 369.90 | Support: 363, 336 | Resistance: 395, 437

Trading Range -- The scrip opened at 369.00, moved up to an intra-day high of 372.00, declined to an intra-day low of 363.25 and closed at 369.90.

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

Shipping Corporation --Last Close: 67.20 | Support: 62, 50 | Resistance: 73, 82

Trading Range -- The scrip opened at 064.75, moved up to an intra-day high of 067.40, declined to an intra-day low of 064.40 and closed at 067.20.

Review/Outlook -- The scrip has reflected strength by closing above a minor supply line with the indicators looking strong, a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 166, 155 171.70 175, 188 Td HLL 163, 155 166.30 172, 183 Sd INFOSYS 3468, 2985 3468.60 3977, 4360 Sd ITC 729, 665 746.25 759, 802 Sd MTNL 103, 85 106.45 115, 124 Sd RIL 345, 324 345.05 374, 407 Sd SATYAM 173, 149 187.10 199, 224 Sd SBI 380, 358 406.30 415, 450 Td TELCO 199, 186 213.55 215, 232 Td TISCO 189, 175 190.95 207, 220 Sd 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