The market has remained in a negative frame of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Capital Goods, FMCG, Healthcare, IT, Metal, PSU, Consumer Durables, Auto & Oil have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a distinct decrease (read as turnover) while the undertone seemed weak.

Sensex (Daily)

Last Close - 12430.40 | Support - 12308, 12231 Resistance - 12461, 12546

Trading Range - The Sensex opened at 12570.52, moved up to an intra-day high of 12638.78, declined to an intra-day low of 12316.10, and closed at 12430.40.

Review/Outlook - The Sensex has reflected significant amount of weakness by not being able to sustain itself at higher levels and too accentuate this weakness further, it has posted a fresh intra-day low, has come off its intra-day high and has ended the day in negative territory on clearly lower volume. Volatility can be the order of the day; intra-day weakness could come in only below the 12316 level while an intra-day upside cannot be ruled out especially above the 12459 level while sustainability is expected to still remain elusive.

Unitech Ltd.(Daily)

Last Close - 436.80 | Support - 432, 378 | Resistance - 519, 544

Trading Range - The scrip opened at 430.00, moved up to an intra-day high of 444.60, declined to an intra-day low of 405.50 and closed at 436.80.

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.

Auto Ind. (Daily)

Last Close - 234.75 | Support - 230, 191 | Resistance - 267, 295

Trading Range - The scrip opened at 237.00, moved up to an intra-day high of 240.15, declined to an intra-day low of 217.35 and closed at 234.75.

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.

Sulzer India. (Daily)

Last Close - 249.15 | Support - 240, 225 | Resistance - 255, 297

Trading Range - The scrip opened at 225.00, moved up to an intra-day high of 250.00, declined to an intra-day low of 225.00 and closed at 249.15.

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.

Panorama Uni. (Daily)

Last Close - 136.75 | Support - 130, 109 | Resistance - 139, 158

Trading Range - The scrip opened at 128.10, moved up to an intra-day high of 137.10, declined to an intra-day low of 128.10 and closed at 136.75.

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	697, 668	721.90	724, 750	Os
DR. REDDY	669, 645	682.10	689, 712	Sd
HLL	172, 163	176.80	183, 192	Sd
INFOSYS	1962, 1883	2047.25	2061, 2133	Dt
ITC	144, 136	145.00	155, 168	Dt
RIL	1293, 1270	1299.80	1316, 1342	Td
SATYAM	425, 406	429.30	443, 475	Sd
SBI	900, 871	914.40	926, 950	Dt
T MOTORS	749, 722	749.45	771, 811	Dt
TISCO	425, 416	430.50	437, 452	Td

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.