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

Sensex (Daily)

Last Close - 12945.88 | Support - 12925, 12819 | Resistance - 13030, 13135

Trading Range - The Sensex opened at 12735.91, moved up to an intra-day high of 12964.94, declined to an intra-day low of 12664.33, and closed at 12945.88.

Review/Outlook - The Sensex has been a contrast of sorts by breaching the previous trading session's low to recover sharply to give an upward bar reversal, has come off from its intra-day low and has finally ended the day in positive territory on clearly lower volume. Volatility can be the order of the day; intra-day upside seems almost like a formality especially above the 12965 level - an upward opening gap seems like a distinctly possibility while resistance from its earlier high of 13146 cannot be ruled out.

Paradyne Inf. (Daily)

Last Close - 091.85 | Support - 088, 069 | Resistance - 100, 121

Trading Range - The scrip opened at 084.00, moved up to an intra-day high of 091.85, declined to an intra-day low of 083.50 and closed at 091.85.

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.

Diamond Cable. (Daily)

Last Close - 147.05 | Support - 136, 117 | Resistance - 149, 170

Trading Range - The scrip opened at 148.00, moved up to an intra-day high of 149.00, declined to an intra-day low of 144.00 and closed at 147.05.

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.

Nelco Limited. (Daily)

Last Close - 084.90 | Support - 077, 051 | Resistance - 086, 100

Trading Range - The scrip opened at 081.65, moved up to an intra-day high of 084.90, declined to an intra-day low of 080.10 and closed at 084.90.

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.

Garware Off. (Daily)

Last Close - 173.80 | Support - 170, 139 | Resistance - 188, 230

Trading Range - The scrip opened at 169.80, moved up to an intra-day high of 174.80, declined to an intra-day low of 163.20 and closed at 173.80.

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	750, 724	752.50`	793, 829	Tu
DR. REDDY	669, 645	678.25	689, 712	Sd
HLL	183, 172	190.75	192, 203	Tu
INFOSYS	2061, 1962	2093.85	2133, 2208	Sd
ITC	144, 136	144.90	155, 168	Sd
RIL	1316, 1293	1340.05	1342, 1373	Sd
SATYAM	443, 425	451.40	475, 500	Tu
SBI	973, 950	982.15	1000, 1050	Sd
T MOTORS	771, 749	776.05	811, 849	Sd
TISCO	425, 416	430.05	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.