The market has ended the day on a weak note to finish in negative territory. Banks were mixed, capital goods, IT, consumer durables and FMCG all reeled under the onslaught and retreated in varying degrees.

PSU's just about ended positive while Pharma was clearly the winner and posted a new high. Volume dipped again (read as turnover) while the undertone was subdued.

Sensex -- Last Close: 3336.64 | Support: 3320, 3210 | Resistance: 3400, 3467

Trading Range -- The Sensex opened at 3358.38, moved up to an intra-day high of 3361.98, declined to an intra-day low of 3325.44 and closed at 3336.64.

Review/Outlook -- The Sensex has come off rather sharply from its intra-day high (albeit on lower volume) and has breached the previous trading session's intra-day low while a further downside cannot be entirely ruled out.

Arvind Mills -- Last Close: 38.90 | Support: 35, 28 | Resistance: 41, 50

Trading Range -- The scrip opened at 36.50, moved up to an intra-day high of 39.50, declined to an intra-day low of 35.80 and closed at 38.90.

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

Amara Raja -- Last Close: 73.75 | Support: 68, 62 | Resistance: 74, 88

Trading Range -- The scrip opened at 72.00, moved up to an intra-day high of 74.80, declined to an intra-day low of 69.50 and closed at 73.75.

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.

McDowell -- Last Close: 49.55 | Support: 46, 38 | Resistance: 51, 62

Trading Range -- The scrip opened at 48.50, moved up to an intra-day high of 50.40, declined to an intra-day low of 47.50 and closed at 49.55.

Review/Outlook -- The scrip has reflected strength by posting a 9 month high and with the oscillators looking positive, further appreciation seems to be on the cards.

HDFC -- Last Close: 394.75 | Support: 379, 345 | Resistance: 425, 500

Trading Range -- The scrip opened at 385.00, moved up to an intra-day high of 395.90, declined to an intra-day low of 381.00 and closed at 394.75.

Review/Outlook -- The scrip given an upward breakout from a consolidation phase and with the indicators looking firm, a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 143, 135 145.55 148, 155 Td HLL 163, 155 166.15 172, 183 Up INFOSYS 2405, 1897 2919.35 2985, 3468 Sd ITC 665, 592 706.60 729, 802 Tu MTNL 103, 95 103.45 115, 124  Sd RIL 302, 269 306.90 324, 345 Sd SATYAM 173, 149 183.75 199, 224 Tu SBI 333, 314 349.55 358, 380 Td TELCO 179, 168 183.95 186, 199 Up TISCO 139, 131 147.80 150, 166 Td 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