The market wilted under selling pressure to end in negative territory. Banks were mixed, capital goods, FMCG, pharma, IT and PSUs were all losers, while consumer durables just about ended positive.

Volume was lower (read as turnover), while the undertone was mixed.

Sensex -- Last Close -- 3461.38 | Support -- 3400, 3320 | Resistance -- 3467, 3545

Trading Range -- The Sensex opened at 3500.19, moved up to an intra-day high of 3510.11, declined to an intra-day low of 3457.44 and closed at 3461.38.

Review/Outlook -- The Sensex has given a downward "key" reversal (bearish intra-day pattern) on lower volume, muddling the picture a bit and could remain range bound today.

ABB -- Last Close -- 366.35 | Support -- 362, 350   | Resistance -- 380, 414

Trading Range -- The scrip opened at 376.75, moved up to an intra-day high of 376.75, declined to an intra-day low of 362.00 and closed at 366.35.

Review/Outlook -- The scrip has given a downward "bar" reversal (bearish intra-day pattern) and with the oscillators looking weak, a further downside seems possible.

Aventis Pharma -- Last Close -- 340.65 | Support -- 330, 305 | Resistance -- 348, 365

Trading Range -- The scrip opened at 328.00, moved up to an intra-day high of 342.00, declined to an intra-day low of 328.00 and closed at 340.65.

Review/Outlook -- The scrip has reflected strength by giving an upward breakout from a consolidation pattern and with the oscillators signalling a buy, a further upside cannot be ruled out. 

Bata -- Last Close -- 040.95 | Support -- 039, 033 | Resistance -- 047, 059

Trading Range -- The scrip opened at 039.00, moved up to an intra-day high of 042.50, declined to an intra-day low of 038.50 and closed at 040.95.

Review/Outlook -- The scrip has reflected strength by overcoming a supply line and with the oscillators looking positive, further appreciation seems to be on the cards.  

Apollo Hospitals -- Last Close -- 122.90 | Support -- 120, 106 | Resistance -- 132, 144

Trading Range -- The scrip opened at 119.50, moved up to an intra-day high of 123.60, declined to an intra-day low of 118.15 and closed at 122.90.

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

Stock Track

Scrip Support Last Close Resistance Trend ACC 155, 148 156.50 166, 175 Up HLL 163, 155 170.10 172, 183 Up INFOSYS 2985, 2405 3088.55 3468, 3977 Tu ITC 729, 665 747.65 759, 802 Up MTNL 95, 85 102.00 103, 115 Sd RIL 324, 302 325.00 345, 374 Up SATYAM 173, 149 184.75 199, 224 Sd SBI 358, 333 352.80 358, 380 Sd TELCO 186, 176 189.85 199, 215 Up TISCO 150, 139 157.90 166, 175 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