Sensex -- Last Close: 2942.78 | Support: 2922, 2826 | Resistance: 3007, 3110

Trading Range -- The Sensex opened at 2955.19, moved up to an intra-day high of 2965.37, declined to an intra-day low of 2934.78 and closed at 2942.78.

Review/Outlook -- The Sensex has reflected weakness by giving a downward 'bar' reversal (bearish intra-day pattern) and could remain range bound today with a bias on the downside.

Burroughs Wellcome -- Last Close: 270.45 | Support: 266, 240 | Resistance: 300, 315

Trading Range -- The scrip opened at 260.00, moved up to an intra-day high of 271.40, declined to an intra-day low of 260.00 and closed at 270.45.

Review/Outlook -- The scrip has very nearly given an upward 'bar' reversal (bullish intra-day pattern) and has posted a 12 month high - a further upside seems possible.

Chennai Petroleum -- Last Close: 43.55 | Support: 41, 34.75 | Resistance: 44.50, 49.90

Trading Range -- The scrip opened at 041.00, moved up to an intra-day high of 043.65, declined to an intra-day low of 041.00 and closed at 043.55.

Review/Outlook -- The scrip has reflected strength by giving an upward "bar" reversal (bullish intra-day pattern) and with the oscillators in a similar frame of mind, a further upside cannot be ruled out.

SBI -- Last Close: 292.20 | Support: 276, 258 | Resistance: 293, 314

Trading Range -- The scrip opened at 287.00, moved up to an intra-day high of 293.75, declined to an intra-day low of 286.25 and closed at 292.20.

Review/Outlook --  The scrip has overcome a supply line and the 10 and 55 day averages at the same time  - further appreciation seems to be on the cards.

Wipro -- Last Close: 875.75 | Support: 841, 815 | Resistance: 896, 935

Trading Range -- The scrip opened at 896.00, moved up to an intra-day high of 906.00, declined to an intra-day low of 870.05 and closed at 875.75.

Review/Outlook -- The scrip has breached a minor demand line, has also closed below the 10 day average and with the oscillators supporting the move, a further downside cannot be ruled out.

Stock Track

Scrip Support Last Close Resistance Trend ACC 127, 115 129.40 135, 143 Td HLL 127, 111 137.65 141, 155 Sd INFOSYS 2405, 1897 2788.85 2985, 3468 Td ITC 665, 592 677.25 729, 802 Sd MTNL 95, 85 100.05 103, 115  Tu RIL 242,  217 260.90 269, 302 Dt SATYAM 149, 113 165.25 173, 199 Sd SBI 276, 258 292.20 293, 314 Tu TELCO 148, 135 157.60 168, 186 Tu TISCO 131, 125 133.80 139, 150 Tu 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