Banks, capital goods, consumer durables, pharma and PSUs all came under pressure while it was the FMCG and IT sectors, which held firm to end positive.

Volume registered an increase (read as turnover) while the undertone was subdued.

Sensex --Last Close: 3554.13 | Support: 3545, 3467 | Resistance: 3651, 3759

Trading Range -- The Sensex opened at 3557.13, moved up to an intra-day high of 3582.08, declined to an intra-day low of 3534.06 and closed at 3554.13.

Review/Outlook -- The Sensex has depreciated on expected lines but has recovered somewhat from its intra-day lows while the intra-day day charts seem to be hinting at a minor recovery today.

BPCL --Last Close: 254.20 | Support: 249, 228 | Resistance: 272, 295

Trading Range -- The scrip opened at 250.00, moved up to an intra-day high of 256.20, declined to an intra-day low of 245.10 and closed at 254.20.

Review/Outlook -- The scrip has reflected strength by giving an upward "key" reversal (bullish intra-day pattern) and with the oscillators looking better, further upside seems possible.

Hughes Software --Last Close: 263.75 | Support: 248, 232 | Resistance: 266, 293

Trading Range -- The scrip opened at 262.60, moved up to an intra-day high of 266.25, declined to an intra-day low of 259.00 and closed at 263.75.

Review/Outlook -- The scrip has reflected strength by giving an upward "key" reversal (bullish intra-day pattern) and with the oscillators signalling a buy, a further upside cannot be ruled out.

Aurobindo Pharma --Last Close: 374.85 | Support: 350, 317 | Resistance: 395, 432

Trading Range -- The scrip opened at 377.20, moved up to an intra-day high of 382.00, declined to an intra-day low of 371.05 and closed at 374.85.

Review/Outlook -- The scrip has closed below a horizontal demand line and with the oscillators looking negative, further depreciation seems to be on the cards.

Arvind Mills --Last Close: 40.70 | Support: 35, 29 | Resistance: 41, 50

Trading Range -- The scrip opened at 41.65, moved up to an intra-day high of 41.85, declined to an intra-day low of 40.50 and closed at 40.70.

Review/Outlook -- The scrip has reflected weakness by closing below the 10-day average and with the indicators looking weak, a further downside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 166, 155 167.05 175, 188 Td HLL 141, 127 151.15 155, 163 Dt INFOSYS 2985, 2405 3347.35 3468, 3977 Td ITC 665, 592 723.00 729, 759 Dt MTNL 85, 63 99.95 103, 115 Dt RIL 324, 302 334.30 345, 374 Sd SATYAM 149, 113 163.20 173, 199 Dt SBI 380, 358 394.30 415, 450 Td TELCO 199, 186 208.15 215, 232 Td TISCO 175, 166 186.00 189, 207 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, CMP - Current Market Price, 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. DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice. Sebi Disclosure: The author has no positions in the stocks mentioned above