The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, FMCG, Healthcare, Capital Goods, Consumer Durables, Auto, PSU, Metals & Oil have ended positive in varying degrees while the IT sector has ended in negative territory. Volume registered a clear increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 14136.72 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 13893.72, moved up to an intra-day high of 14197.32, declined to an intra-day low of 13850.07 and closed at 14136.72.

Review/Outlook - The Sensex has reflected significant amount of strength by staging a smart upmove and has not only managed to sustain itself at higher levels, but has also overcome the 14040 level with consummate ease to end sharply in positive territory on sharply higher volume. Volatility can be the order of the day; an intra-day upside above the 14197 level seems like a possibility while some resistance can be expected at higher levels (14310) while a downside could come in only below the 14040 level. The outlook seems to have turned better while resistance comes in at the 14400+ level and support comes in at the 13800 level.

Flat Products. (Daily)

Last Close - 214.15 | Support - 192, 164 | Resistance - 236, 270

Trading Range - The scrip opened at 205.00, moved up to an intra-day high of 214.15, declined to an intra-day low of 191.00 and closed at 214.15.

Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Cyber Media. (Daily)

Last Close - 110.70 | Support - 096, 084 | Resistance - 112, 130

Trading Range - The scrip opened at 102.00, moved up to an intra-day high of 110.70, declined to an intra-day low of 102.00 and closed at 110.70.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Todays Writing. (Daily)

Last Close - 066.50 | Support - 056, 044 | Resistance - 068, 084

Trading Range - The scrip opened at 063.20, moved up to an intra-day high of 066.50, declined to an intra-day low of 063.20 and closed at 066.50.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Ansal Infra. (Daily)

Last Close - 270.80 | Support - 258, 220 | Resistance - 290, 364

Trading Range - The scrip opened at 270.80, moved up to an intra-day high of 270.80, declined to an intra-day low of 265.00 and closed at 270.80.

Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Daily Stock Track          

Scrip	Support	Last Close	Resistance	Trend
ACC	793, 750	817.10	829, 856	Tu
DR. REDDY	712, 689	713.90	733, 757	Sd
HLL	203, 192	207.15	216, 224	Tu
INFOSYS	1962, 1883	2058.15	2061, 2133	Tu
ITC	155, 144	156.45	168, 180	Tu
RIL	1550, 1496	1580.45	1600, 1650	Up
SATYAM	443, 425	474.95	475, 500	Tu
SBI	1100, 1050	1132.90	1135, 1166	Tu
T MOTORS	722, 698	742.90	749, 771	Tu
TISCO	570, 543	579.10	593, 617	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, 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, Ob - Overbought, Os - Oversold.

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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.