The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day sharply in negative territory. Banks, FMCG, metals, oil, consumer durables, healthcare, PSU, auto, IT & capital goods have ended negative in varying degrees while no sector has ended in positive territory.

Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.

Sensex (Daily)

Last Close -- 14255.93; Support -- 14243, 14171; Resistance -- 14325, 14454

Trading Range: The Sensex opened at 14551.53, moved up to an intra-day high of 14590.82, declined to an intra-day low of 14234.07 and closed at 14255.93.

Review/Outlook: The Sensex has reflected significant amount of weakness, has had a rather positive opening, but has collapsed after facing strong selling pressure to come off from its intra- day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a formality) could come in below the 14234 level while some support at lower levels (14070) -- could limit the downside. The outlook seems to have turned shaky again while resistance comes in at the 14700+ level and support comes in at the 14040 level.

Shree Ashtavinayak (Daily)

Last Close -- 231.90; Support -- 228, 177; Resistance -- 269, 297

Trading Range: The scrip opened at 227.00, moved up to an intra-day high of 231.90, declined to an intra-day low of 227.00 and closed at 231.90.

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.

Shreeram Mills (Daily)

Last Close -- 386.20; Support -- 385, 359; Resistance -- 440, 475

Trading Range: The scrip opened at 375.00, moved up to an intra-day high of 386.20, declined to an intra-day low of 375.00 and closed at 386.20.

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.

Jai Balaji (Daily)

Last Close -- 091.25; Support -- 086, 069; Resistance -- 101, 125

Trading Range: The scrip opened at 086.50, moved up to an intra-day high of 091.25, declined to an intra-day low of 086.50 and closed at 091.25.

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.

Hyderabad Ind. (Daily)

Last Close -- 192.80; Support -- 190, 153; Resistance -- 224, 249

Trading Range: The scrip opened at 184.10, moved up to an intra-day high of 202.55, declined to an intra-day low of 184.00 and closed at 192.80.

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	822.35	829, 856	Td
DR. REDDY	645, 610	650.15	669, 689	Sd
HLL [Get Quote]	192, 183	195.25	203, 216	Sd
INFOSYS [Get Quote]	1883, 1812	1938.90	1962, 2061	Sd
ITC	155, 144	158.35	168, 180	Td
RIL [Get Quote]	1645, 1625	1687.35	1705, 1737	Sd
SATYAM [Get Quote]	443, 425	465.35	475, 500	Tu
SBI [Get Quote]	1362, 1332	1388.20	1425, 1450	Up
T MOTORS	670, 635	687.00	698, 722	Td
TISCO [Get Quote]	617, 593	617.70	646, 670	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.