The market has gained ground to end the day in positive territory once again. Banks were mixed, capital goods and pharma forged ahead, consumer durables, FMCG, IT and PSUs just about moved up.

Volume was mixed (higher on BSE, lower on NSE) (read as turnover) while the undertone was hopeful.

Sensex -- Last Close: 3337.30 | Support: 3320, 3210 | Resistance: 3400, 3467

Trading Range -- The Sensex opened at 3318.90, moved up to an intra-day high of 3340.98, declined to an intra-day low of 3318.90 and closed at 3337.30.

Review/Outlook -- The Sensex has ended in positive territory for the second session in a row, the outlook hasn't changed much while a closing above the 3350 level is a must if the market has to continue its upmove.

Dr Reddy's -- Last Close: 959.50 | Support: 919, 879 | Resistance: 998, 1081

Trading Range -- The scrip opened at 930.00, moved up to an intra-day high of 963.90, declined to an intra-day low of 930.00 and closed at 959.50.

Review/Outlook -- The scrip has given an upward "key" reversal (bullish intra-day pattern) and with the oscillators looking strong, a further upside seems possible.

Aventis Pharma -- Last Close: 342.10 | Support: 330, 305 | Resistance: 348, 365

Trading Range -- The scrip opened at 335.00, moved up to an intra-day high of 344.00, declined to an intra-day low of 335.00 and closed at 342.10.

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

HLL -- Last Close: 170.70 | Support: 163, 155 | Resistance: 172, 183

Trading Range -- The scrip opened at 170.40, moved up to an intra-day high of 171.75, declined to an intra-day low of 169.50 and closed at 170.70.

Review/Outlook -- The scrip has given an upward "key" reversal (bullish intra-day pattern) and with the oscillators looking positive, further appreciation seems to be on the cards.

NIIT -- Last Close: 144.00 | Support: 141, 126 | Resistance: 150, 161

Trading Range -- The scrip opened at 140.75, moved up to an intra-day high of 144.85, declined to an intra-day low of 139.15 and closed at 144.00.

Review/Outlook -- The scrip has reflected strength by giving an upward breakout from a consolidation phase while a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 143, 135 147.75 148, 155 Up HLL 163, 155 170.70 172, 183 Up INFOSYS 2405, 1897 2971.50 2985, 3468 Tu ITC 665, 592 712.60 729, 802 Tu MTNL 95, 85 99.60 103, 115 Sd RIL 302, 269 307.70 324, 345 Sd SATYAM 173, 149 186.15 199, 224 Tu SBI 333, 314 351.50 358, 380 Sd TELCO 179, 168 184.35 186, 199 Up TISCO 150, 139 150.00 166, 175 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