The market has posted a brilliant rally and has once again ended sharply in positive territory. Banks, capital goods, pharma, IT and PSU were all winners but it was the FMCG sector, which stole the limelight but consumer durables dipped some more.

Volume was lower (read as turnover) while the undertone was firm.

Sensex -- Last Close: 3499.50 | Support: 3467, 3400 | Resistance: 3545, 3651

Trading Range -- The Sensex opened at 3450.57, moved up to an intra-day high of 3503.01, declined to an intra-day low of 3427.36 and closed at 3499.50.

Review/Outlook -- The Sensex has given an upward "bar" reversal (bullish intra-day pattern) and with the uptrend still in motion, further upside cannot be ruled out.

Indian Hotels -- Last Close: 248.35 | Support: 245, 231 | Resistance: 260, 281

Trading Range -- The scrip opened at 236.00, moved up to an intra-day high of 260.00, declined to an intra-day low of 222.30 and closed at 248.35.

Review/Outlook -- The scrip has reflected strength by posting a 25 month high and with the oscillators looking strong, a further upside seems possible.

Adani Exports -- Last Close: 182.20 | Support: 171, 160 | Resistance: 184, 195

Trading Range -- The scrip opened at 176.10, moved up to an intra-day high of 184.00, declined to an intra-day low of 176.10 and closed at 182.20.

Review/Outlook -- The scrip has reflected strength by giving an upward breakout from a consolidation pattern and with the oscillators signalling a buy, a further upside cannot be ruled out.

Bhel -- Last Close: 269.20 | Support: 268, 247 | Resistance: 282, 321

Trading Range -- The scrip opened at 263.10, moved up to an intra-day high of 270.80, declined to an intra-day low of 260.30 and closed at 269.20.

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.

Moser Baer -- Last Close: 327.75 | Support: 310, 284 | Resistance: 329, 360

Trading Range -- The scrip opened at 316.50, moved up to an intra-day high of 330.00, declined to an intra-day low of 314.00 and closed at 327.75.

Review/Outlook -- The scrip has sustained its 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 155, 148 158.35 166, 175 Up HLL 163, 155 171.10 172, 183 Up INFOSYS 2985, 2405 3058.40 3468, 3977 Tu ITC 729, 665 744.50 759, 802 Up MTNL 95, 85 100.60 103, 115 Sd RIL 324, 302 336.40 345, 374 Up SATYAM 173, 149 186.75 199, 224 Tu SBI 358, 333 358.50 380, 415 Sd TELCO 186, 176 194.75 199, 215 Up TISCO 150, 139 157.35 166, 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