The market has recovered and has once again closed in positive territory.

It was a day of the favourites as banks were back in reckoning, PSUs were humming with action, pharma extended its rally but the surprise package of the day were consumer durables, which gained sharply. Volume was better (read as turnover) while the undertone was firm.

Sensex -- Last Close: 3216.49 | Support: 3210, 3110 | Resistance: 3320, 3400

Trading Range -- The Sensex opened at 3187.41, moved up to an intra-day high of 3220.19, declined to an intra-day low of 3187.41 and closed at 3216.49.

Review/Outlook -- The Sensex has staged a stunning recovery and has in fact closed above the previous trading session's high. An intra-day upside seems like a distinct possibility while intra-day resistance comes in at the 3220 and 3234 levels.

Apollo Tyres -- Last Close: 162.75 | Support: 157, 142 | Resistance: 167, 181

Trading Range -- The scrip opened at 159.50, moved up to an intra-day high of 164.00, declined to an intra-day low of 156.65 and closed at 162.75.

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.

Aurobindo Pharma -- Last Close: 337.55 | Support: 317, 297 | Resistance: 350, 395

Trading Range -- The scrip opened at 322.00, moved up to an intra-day high of 340.00, declined to an intra-day low of 320.00 and closed at 337.55.

Review/Outlook -- The scrip has reflected strength by posting a 26 month high and with the oscillators signalling a buy, a further upside cannot be ruled out.

SBI -- Last Close: 358.15 | Support: 358, 333 | Resistance: 380, 415

Trading Range -- The scrip opened at 343.00, moved up to an intra-day high of 359.40, declined to an intra-day low of 343.00 and closed at 358.15.

Review/Outlook -- The scrip has completed a correction after taking support on the 340 level and with the oscillators looking positive, further appreciation seems to be on the cards.

Saw Pipes -- Last Close: 120.80 | Support: 119, 111 | Resistance: 132, 152

Trading Range -- The scrip opened at 114.50, moved up to an intra-day high of 122.60, declined to an intra-day low of 114.50 and closed at 120.80.

Stock Track

Scrip Support Last Close Resistance Trend ACC 148, 143 148.10 155, 166 Up HLL 155, 141 157.30 163, 172 Up INFOSYS 2405, 1897 2765.40 2985, 3468 Tu ITC 665, 592 678.50 729, 802 Sd MTNL 95, 85 98.85 103, 115 Tu RIL 269, 242 301.15 302, 324 Up SATYAM 173, 149 176.05 199, 224 Tu SBI 358, 333 358.15 380, 415 Tu TELCO 168, 155 173.40 179, 186 Tu TISCO 150, 139 156.05 166, 175 Up 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