The market has continued its good run and has ended the week on an extremely positive note. Market breadth has improved due to all round participation while the volume was distinctly better -- the undertone was buoyant.

Sensex -- Last Close: 3056.58 | Support: 3007, 2922 | Resistance: 3110, 3210

Trading Range -- The Sensex opened at 3019.48, moved up to an intra-day high of 3059.42, declined to an intra-day low of 3019.48 and closed at 3056.58.

Review/Outlook -- The Sensex has ended in the positive territory for the 4^th consecutive trading session and could sustain this positive momentum today also as long as it remains above the 3050 level. Intra-day resistance comes in at the 3069 level.

ABB -- Last Close: 339.55 | Support: 330, 318 | Resistance: 350, 362

Trading Range -- The scrip opened at 334.25, moved up to an intra-day high of 342.00, declined to an intra-day low of 329.00 and closed at 339.55.

Review/Outlook -- The scrip has shown short term strength by posting a 40 month high and with the oscillators looking positive, a further upside seems possible.

Infosys -- Last Close: 2993.15 | Support: 2985, 2405 | Resistance: 3468, 3977

Trading Range -- The scrip opened at 2925.00, moved up to an intra-day high of 3005.00, declined to an intra-day low of 2900.05 and closed at 2993.15.

Review/Outlook -- The scrip has closed above the 10 day average and with the mechanical indicators supporting the move, a further upside cannot be ruled out.

ITC -- Last Close: 698.65 | Support: 665, 592 | Resistance: 729, 802

Trading Range -- The scrip opened at 675.00, moved up to an intra-day high of 704.90, declined to an intra-day low of 675.00 and closed at 698.65.

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

Sterlite Opticals -- Last Close: 31.90 | Support: 30, 27.10 | Resistance: 33.65, 38.45

Trading Range -- The scrip opened at 31.30, moved up to an intra-day high of 32.00, declined to an intra-day low of 31.10 and closed at 31.90.

Review/Outlook -- The scrip has overcome the 10 day average 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, 115 133.30 135, 143 Tu HLL 141, 127 146.25 155, 163 Tu INFOSYS 2985, 2405 2993.15 3468, 3977 Tu ITC 665, 592 698.65 729, 802 Tu MTNL 95, 85 96.00 103, 115  Sd RIL 242, 217 268.45 269, 302 Tu SATYAM 173, 149 178.15 199, 224 Tu SBI 314, 293 316.10 333, 358 Up TELCO 148,135 157.20 168,186 Sd TISCO 131, 125 138.80 139, 150 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