The market is in a solid bull run and the daily gains seem to be a natural consequence. Banks were mixed, capital goods roared ahead, consumer durables gained ground, pharma moved up even further while it was FMCG (led by Hindustan Lever) which basked in the limelight.

Volume retreated a bit more (read as turnover) while the undertone was firm.

Sensex -- Last Close: 3337.31 | Support: 3320, 3210 | Resistance: 3400, 3467

Trading Range -- The Sensex opened at 3304.65, moved up to an intra-day high of 3351.36, declined to an intra-day low of 3295.14 and closed at 3337.31.

Review/Outlook -- The uptrend in Sensex continues while it has moved from strength to strength. The northward move is still intact while an intra-day upside cannot be ruled out barring some resistance from the 3350 level.

ABB -- Last Close: 356.60 | Support: 350, 330 | Resistance: 362, 380

Trading Range -- The scrip opened at 380.00, moved up to an intra-day high of 380.00, declined to an intra-day low of 347.25 and closed at 356.60.

Review/Outlook -- The scrip has reflected strength by posting a 12 month high and with the oscillators looking strong, a further upside seems possible.

Glaxo Smith Consumer -- Last Close: 255.40 | Support: 250, 232 | Resistance: 260, 275

Trading Range -- The scrip opened at 251.00, moved up to an intra-day high of 256.75, declined to an intra-day low of 251.00 and closed at 255.40.

Review/Outlook -- The scrip has sustained its upward breakout from a consolidation phase and with the oscillators signalling a buy, a further upside cannot be ruled out.

Rolta -- Last Close: 68.85 | Support: 64, 56 | Resistance: 70, 77

Trading Range -- The scrip opened at 067.70, moved up to an intra-day high of 070.70, declined to an intra-day low of 066.00 and closed at 068.85.

Review/Outlook -- The scrip has entered a short term uptrend after taking support on the 10 day average and with the oscillators looking positive, further appreciation seems to be on the cards.

TV 18 -- Last Close: 93.30 | Support: 88, 79 | Resistance: 113, 129

Trading Range -- The scrip opened at 085.90, moved up to an intra-day high of 094.50, declined to an intra-day low of 085.25 and closed at 093.30.

Review/Outlook -- The scrip has reflected strength by posting a 12 month high while a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 148, 143 152.05 155, 166 Up HLL 163, 155 169.10 172, 183 Up INFOSYS 2405, 1897 2983.85 2985, 3468 Tu ITC 665, 592 713.20 729, 802 Tu MTNL 103, 95 104.50 115, 124  Tu RIL 302, 269 307.35 324, 345 Up SATYAM 173, 149 177.85 199, 224 Tu SBI 358, 333 363.10 380, 415 Tu TELCO 179, 168 183.65 186, 199 Up TISCO 150, 139 155.75 166, 175 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