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, PSU, Capital Goods, Consumer Durables, Metal, Healthcare & Oil have ended positive in varying degrees while IT & Auto have ended in negative territory.

Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.

Sensex (Daily)

Last Close -- 14985.70; Support -- 14964, 14830; Resistance -- 15115, 15239

Trading Range: The Sensex opened at 15022.87, moved up to an intra-day high of 15134.53, declined to an intra-day low of 14896.47 and closed at 14985.70.

Review/Outlook: The Sensex has had a mixed trading session, has had a good opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (is a possibility) could come in above the 15020 level while some support at lower levels (14805) -- could limit the downside. The outlook seems to have turned negative again while resistance comes in at the 16000+ level and support comes in at the 14800 level.

Tips Industries [Get Quote]. (Daily)

Last Close -- 055.10; Support -- 053, 040; Resistance -- 058, 072

Trading Range: The scrip opened at 052.00, moved up to an intra-day high of 055.10, declined to an intra-day low of 050.50 and closed at 055.10.

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.

Shree Precoated. (Daily)

Last Close -- 368.05; Support -- 360, 316; Resistance -- 385, 438

Trading Range: The scrip opened at 337.75, moved up to an intra-day high of 368.05, declined to an intra-day low of 330.05 and closed at 368.05.

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.

Karuturi Net. (Daily)

Last Close -- 197.90 Support -- 194, 166 Resistance -- 220, 250

Trading Range: The scrip opened at 190.50, moved up to an intra-day high of 197.90, declined to an intra-day low of 187.00 and closed at 197.90.

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.

Parenteral Drugs. (Daily)

Last Close -- 106.05; Support -- 094, 068; Resistance -- 114, 137

Trading Range: The scrip opened at 105.00, moved up to an intra-day high of 106.05, declined to an intra-day low of 099.50 and closed at 106.05.

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	965, 924	983.05	994, 1057	Td
DR. REDDY	610, 579	630.95	645, 669	Td
HUL	192, 183	201.55	203, 216	Tu
INFOSYS [Get Quote]	1883, 1812	1899.60	1962, 2009	Td
ITC	155, 144	167.75	168, 180	Up
RIL [Get Quote]	1785, 1737	1801.60	1834, 1878	Sd
SATYAM [Get Quote]	443, 425	466.20	471, 496	Sd
SBI [Get Quote]	1591, 1531	1592.75	1636, 1675	Sd
T MOTORS	635, 610	652.20	670, 698	Sd
TISCO [Get Quote]	617, 593	638.90	646, 670	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, 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.