Sensex -- Last Close: 2993.00 | Support: 2922, 2826 | Resistance: 3007, 3110

Trading Range -- The Sensex opened at 2981.87, moved up to an intra-day high of 3001.21, declined to an intra-day low of 2972.33 and closed at 2993.00.

Review/Outlook -- The Sensex has continued its upward march while there seems to be some resistance at the psychologically important level of 3000. The oscillators have also turned positive while an intra-day upside (seems possible) could materialise only above the 3002 level.

BHEL -- Last Close: 242.30 | Support: 234, 221 | Resistance: 247, 268

Trading Range -- The scrip opened at 240.00, moved up to an intra-day high of 244.60, declined to an intra-day low of 238.00 and closed at 242.30.

Review/Outlook -- The scrip seems to be not only in a short term but also in an intermediate uptrend and with the oscillators holding firm, a further upside seems possible.

Telco -- Last Close: 159.85 | Support: 148, 135 | Resistance: 168, 186

Trading Range -- The scrip opened at 154.80, moved up to an intra-day high of 160.15, declined to an intra-day low of 154.10 and closed at 159.85.

Review/Outlook -- The scrip has given an upward breakout from a trading range, has reflected intra-day strength while a further upside cannot be ruled out.

Apollo Hospitals -- Last Close: 102.05 | Support: 97, 90 | Resistance: 106, 120

Trading Range -- The scrip opened at 098.15, moved up to an intra-day high of 102.90, declined to an intra-day low of 097.95 and closed at 102.05.

Review/Outlook -- The scrip has reflected strength by closing above the 10 day average, 55 day average, a tested supply line while further appreciation seems to be on the cards.

IBP -- Last Close: 218.25 | Support: 203, 192 | Resistance: 227, 240

Trading Range -- The scrip opened at 216.80, moved up to an intra-day high of 219.50, declined to an intra-day low of 216.50 and closed at 218.25.

Review/Outlook -- The scrip seems to have stopped to catch its breath after giving an upward breakout from its trading range -- while a continuation of its upmove should see further upside.

Stock Track

Scrip Support Last Close Resistance Trend ACC 127, 115 133.80 135, 143 Tu HLL 127, 111 137.35 141, 155 Sd INFOSYS 2985, 2405 2987.40 3468, 3977 Tu ITC 665, 592 681.60 729, 802 Tu MTNL 95, 85 95.60 103, 115  Tu RIL 269, 242 269.65 302, 324 Sd SATYAM 149, 113 167.35 173, 199 Tu SBI 276, 258 287.15 293, 314 Tu TELCO 148, 135 159.85 168, 186 Tu TISCO 131, 125 135.65 139, 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