The market has given a smart rally to end sharply in positive territory. With the exception of IT (which witnessed profit-taking), there was all round buying as mainline stocks stole the show.

Volume too was caught in an upward spiral while the undertone was firm.

Sensex -- Last Close: 3164.25 | Support: 3110, 3007 | Resistance: 3210, 3320

Trading Range -- The Sensex opened at 3116.85, moved up to an intra-day high of 3171.80, declined to an intra-day low of 3116.85 and closed at 3164.25.

Review/Outlook -- The Sensex has forged ahead on higher volume and while further upside seems to on the cards, caution is advised at the 3200 plus levels.

Bajaj Auto -- Last Close: 505.05 | Support: 504, 472 | Resistance: 545, 590

Trading Range -- The scrip opened at 501.00, moved up to an intra-day high of 508.00, declined to an intra-day low of 497.10 and closed at 505.05.

Review/Outlook -- The scrip has once again ended in positive territory to continue its ascent and with the oscillators looking firm, a further upside seems possible.

Dr Reddy's Lab -- Last Close: 865.05 | Support: 849, 815 | Resistance: 880, 919

Trading Range -- The scrip opened at 835.00, moved up to an intra-day high of 871.00, declined to an intra-day low of 835.00 and closed at 865.00.

Review/Outlook -- The scrip has given a scintillating rally and with the oscillators just signalling a buy, a further upside cannot be ruled out.

HLL -- Last Close: 157.20 | Support: 155, 141 | Resistance: 163, 172

Trading Range -- The scrip opened at 155.10, moved up to an intra-day high of 158.00, declined to an intra-day low of 154.50 and closed at 157.20.

Review/Outlook -- The scrip is in an intermediate uptrend and with the oscillators looking positive, further appreciation seems to be on the cards.

SBI -- Last Close: 357.20 | Support: 333, 314 | Resistance: 358, 380

Trading Range -- The scrip opened at 348.45, moved up to an intra-day high of 361.85, declined to an intra-day low of 344.10 and closed at 357.20.

Review/Outlook -- The scrip has shown signs of resumption of its uptrend after a small correction, while a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 143, 135 146.50 148, 155 Up HLL 155, 141 157.20 163, 172 Up INFOSYS 2405, 1897 2759.35 2985, 3468 Sd ITC 665, 592 688.00 729, 802 Sd MTNL 85, 63 93.50 95, 103 Td RIL 269, 242 294.20 302, 324 Up SATYAM 149, 113 168.85 173, 199 Sd SBI 333, 314 357.20 358, 380 Up TELCO 168, 155 170.40 179, 186 Sd TISCO 150, 139 152.95 166, 175 Tu 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