Sensex (Daily) | Last Close- 3035.33 | Support- 3007, 2922| Resistance- 3110, 3210

Trading Range- The Sensex opened at 3137.24, moved up to an intra-day high of 3137.24, declined to an intra-day low of 3021.74 and closed at 3035.33.

Review/Outlook -The Sensex has accentuated its weakness and has posted a new five-month low. Important levels have been breached and a further downside seems possible.

ACC (Daily) | Last Close- 140.60 | Support- 135, 127 | Resistance- 143, 148

Trading Range -The scrip opened at 142.50, moved up to an intra-day high of 142.70, declined to an intra-day low of 139.05 and closed at 140.60.

Review/Outlook -The scrip has slipped below its support level of 143, indicating short-term weakness while the oscillators seem to be infavour of further depreciation.

Dr Reddy (Daily) | Last Close- 931.55 | Support- 919, 879 | Resistance- 998, 1081

Trading Range- The scrip opened at 923.25, moved to an intra-day high of 938.75, declined to an intra-day low of 920.00 and closed at 931.55.

Review/Outlook- The scrip seems to be in a constructive uptrend and has once again gained ground after a minor consolidation while further progress seems to be on the cards.

ITC (Daily) | Last Close- 673.95 | Support- 665, 592 | Resistance- 729, 802

Trading Range- The scrip opened at 659.00, moved up to an intra-day high of 677.90, declined to an intra-day low of 654.00 and closed at 673.95.

Review/Outlook- The scrip has outperformed the market in the short-term and seems set to do so in the medium-term also while some selling pressure could come in at the 687 level.

SBI (Daily) | Last Close- 290.90 | Support- 276, 258 | Resistance- 293, 314

Trading Range- The scrip opened at 283.50, moved up to an intra-day high of 293.35, declined to an intra-day low of 281.40 and closed at 290.90.

Review/Outlook- The scrip has bounced back smartly after taking support on the 10 and 55 day averages indicating its intention to further carry on this positive movement.

Stock Track

Scrip Support Last Close Resistance Trend ACC 135, 127 140.60 143,148 Td HLL 141,127 143.75 155,163 Dt INFOSYS 2985, 2405 3044.60 3468, 3977 Dt ITC 665, 592 673.95 729, 802 Tu MTNL 95,85 98.90 103, 115 Tu RIL 269,242 285.50 302,324 Sd SATYAM 149, 109 150.70 173, 199 Dt SBI 276,258 290.90 293,314 Tu TELCO 148,135 161.00 168,186 Td TISCO 139,131 139.10 150,166 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