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, oil, consumer durables, healthcare, PSU, auto & capital goods have ended negative in varying degrees while IT & metals have ended in positive territory.

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

Sensex (Daily)

Last Close -- 14186.18; Support -- 14171, 14035; Resistance -- 14243, 14325

Trading Range: The Sensex opened at 14195.84, moved up to an intra-day high of 14362.58, declined to an intra-day low of 14139.09 and closed at 14186.18.

Review/Outlook: The Sensex has reflected significant amount of weakness, has had a rather weak 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 lower volume. Volatility can be the order of the day; an intra-day downside (seems like a formality) could come in below the 14139 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.

Prime Focus [Get Quote] (Daily)

Last Close -- 648.55; Support -- 612, 558; Resistance -- 665, 718

Trading Range: The scrip opened at 619.40, moved up to an intra-day high of 648.55, declined to an intra-day low of 602.50 and closed at 648.55.

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.

Paradyne Inf. (Daily)

Last Close -- 147.65; Support -- 140, 127; Resistance -- 150, 175

Trading Range: The scrip opened at 140.30, moved up to an intra-day high of 147.65, declined to an intra-day low of 139.25 and closed at 147.65.

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.

Kernex Micro (Daily)

Last Close -- 189.55; Support -- 181, 158; Resistance -- 201, 229

Trading Range: The scrip opened at 179.00, moved up to an intra-day high of 189.55, declined to an intra-day low of 177.05 and closed at 189.55.

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.

Kirloskar Pn. (Daily)

Last Close -- 480.55; Support -- 459, 428; Resistance -- 495, 525

Trading Range: The scrip opened at 459.60, moved up to an intra-day high of 480.55, declined to an intra-day low of 459.60 and closed at 480.55.

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	803.95	829, 856	Td
DR. REDDY	645, 610	646.40	669, 689	Sd
HLL [Get Quote]	183, 172	191.45	192, 203	Td
INFOSYS [Get Quote]	1883, 1812	1954.50	1962, 2061	Sd
ITC	155, 144	155.05	168, 180	Td
RIL [Get Quote]	1645, 1625	1667.90	1705, 1737	Td
SATYAM [Get Quote]	475, 443	481.15	500, 538	Tu
SBI [Get Quote]	1332, 1304	1360.40	1362, 1425	Up
T MOTORS	670, 635	677.30	698, 722	Td
TISCO [Get Quote]	593, 570	614.85	617, 646	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.