The market has continued its upward march to once again end in positive territory.

Banks, capital goods, consumer durables, pharma and PSUs all ended on a positive note while FMCG and IT ended marginally lower.

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

Sensex --Last Close: 3780.42 | Support: 3759, 3651 | Resistance: – 3895, 4028

Trading Range -- The Sensex opened at 3761.76, moved up to an intra-day high of 3799.89, declined to an intra-day low of 3759.98 and closed at 3780.42.

Review/Outlook -- The Sensex has reflected strength by posting a 28 month high and doesn't seem to be in any mood to relent. Further upside seems to be on the cards and any declines can be used to go long.

Hero Honda --Last Close: – 251.60 | Support: 235, 217 | Resistance: 254, 272

Trading Range -- The scrip opened at 245.00, moved up to an intra-day high of 253.00, declined to an intra-day low of 245.00 and closed at 251.60.

Review/Outlook -- The scrip has reflected strength by posting a 7 month high and with the oscillators looking better, further upside seems possible.

India Cement --Last Close: 27.80 | Support: 27, 23 | Resistance: 34, 41

Trading Range -- The scrip opened at 25.85, moved up to an intra-day high of 28.15, declined to an intra-day low of 25.50 and closed at 27.80.

Review/Outlook -- The scrip has reflected strength by posting a 12 month high and with the oscillators signalling a buy, a further upside cannot be ruled out.

Sun Pharma --Last Close: 391.25 | Support: 346, 321 | Resistance: 400, 449

Trading Range -- The scrip opened at 387.80, moved up to an intra-day high of 394.00, declined to an intra-day low of 380.00 and closed at 391.25.

Review/Outlook -- The scrip has given an upward key reversal (bullish intra-day pattern) and with the oscillators looking positive, further appreciation seems to be on the cards.

United Phosphorus --Last Close: 289.80 | Support: 279, 250 | Resistance: 320, 343

Trading Range -- The scrip opened at 284.70, moved up to an intra-day high of 295.55, declined to an intra-day low of 283.00 and closed at 289.80.

Review/Outlook -- The scrip has given an upward breakout from a consolidation phase and with the indicators looking strong, a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 188, 175 199.00 203, 219 Up HLL 163, 155 168.00 172, 183 Tu INFOSYS 3468, 2985 3565.85 3977, 4360 Tu ITC 665, 592 724.50 729, 759 Sd MTNL 103, 85 112.50 115, 124 Tu RIL 345, 324 348.30 374, 407 Tu SATYAM 199, 173 205.60 224, 253 Up SBI 415, 380 436.65 450, 488 Up TELCO 215, 199 231.90 232, 260 Up TISCO 201, 189 208.85 220, 231 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, 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