The market has forged ahead with the rally now spreading across sectors. The second rung stocks are in the midst of a brilliant bull run, movers of the day were the capital goods, consumer durables, PSUs, textiles and pharma while volume has improved -- the undertone was buoyant.

Sensex -- Last Close: 3012.97 | Support: 3007, 2922 | Resistance: 3110, 3210

Trading Range -- The Sensex opened at 2996.67, moved up to an intra-day high of 3016.94, declined to an intra-day low of 2993.39 and closed at 3012.97.

Review/Outlook -- The Sensex has ended in positive territory for the 3^rd consecutive trading session and seems set to repeat this phenomenon today also. Intra-day resistance comes in at the 3029 level.

Aurobindo Pharma -- Last Close: 270.30 | Support: 260, 245 | Resistance: 280, 297

Trading Range -- The scrip opened at 262.00, moved up to an intra-day high of 272.50, declined to an intra-day low of 260.00 and closed at 270.30.

Review/Outlook -- The scrip has shown short term strength by posting a 3 month high and with the oscillators looking positive, a further upside seems possible.

E Merck -- Last Close: 236.75 | Support: 230, 220 | Resistance: 240, 249

Trading Range -- The scrip opened at 234.90, moved up to an intra-day high of 239.95, declined to an intra-day low of 232.25 and closed at 236.75.

Review/Outlook -- The scrip has closed above a supply line and with the mechanical indicators supporting the move, a further upside cannot be ruled out.

HPCL -- Last Close: 302.50 | Support: 302, 290 | Resistance: 310, 322

Trading Range -- The scrip opened at 296.00, moved up to an intra-day high of 305.25, declined to an intra-day low of 296.00 and closed at 302.50.

Review/Outlook -- The scrip has given an upward breakout from a minor consolidation pattern with the oscillators in a positive frame of mind, further appreciation seems to be on the cards.

Polaris Soft -- Last Close: 136.70 | Support: 132, 117 | Resistance: 145, 163

Trading Range -- The scrip opened at 135.00, moved up to an intra-day high of 138.15, declined to an intra-day low of 135.00 and closed at 136.70.

Review/Outlook -- The scrip has gained ground after overcoming a supply line and the 55 day average simultaneously and with the oscillators still supporting the move, a further upside cannot be ruled out.

Stock Track

Scrip Support Last Close Resistance Trend ACC 127, 115 134.15 135, 143 Tu HLL 141, 127 145.10 155, 163 Tu INFOSYS 2405, 1897 2884.35 2985, 3468 Sd ITC 665, 592 672.90 729, 802 Sd MTNL 95, 85 96.95 103, 115  Sd RIL 242, 217 267.25 269, 302 Tu SATYAM 173, 149 175.50 199, 224 Tu SBI 293, 276 306.55 314, 333 Up TELCO 148,135 158.65 168,186 Sd TISCO 139, 131 139.40 150, 166 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