Volume registered a decrease (read as turnover) while the undertone was panicky.

Sensex --Last Close: 3569.58 | Support: 3545, 3467 | Resistance: 3651, 3759

Trading Range -- The Sensex opened at 3655.36, moved up to an intra-day high of 3664.64, declined to an intra-day low of 3564.41 and closed at 3569.58.

Review/Outlook -- The Sensex has reflected weakness by posting a 16 trading session low and with the mechanical indicators also supporting the down-move, further depreciation seems to be on the cards.

ABB --Last Close: 362.00 | Support: 350, 330 | Resistance: 362, 380

Trading Range -- The scrip opened at 372.50, moved up to an intra-day high of 375.00, declined to an intra-day low of 360.10 and closed at 362.00.

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

Adani Expots --Last Close: 186.85 | Support: 184, 171 | Resistance: 195, 223

Trading Range -- The scrip opened at 188.80, moved up to an intra-day high of 190.00, declined to an intra-day low of 185.10 and closed at 186.85.

Review/Outlook -- The scrip has reflected weakness by closing below a horizontal demand line and with the oscillators signalling a sell, a further downside cannot be ruled out.

Aurobindo Pharma --Last Close: 381.45 | Support: 350, 317 | Resistance: 395, 432

Trading Range -- The scrip opened at 389.70, moved up to an intra-day high of 398.00, declined to an intra-day low of 380.20 and closed at 381.45.

Review/Outlook -- The scrip has given a downward "key" reversal (bearish intra-day pattern) and with the oscillators looking negative, further depreciation seems to be on the cards.

Arvind Mills --Last Close: 41.60 | Support: 41, 35 | Resistance: 50, 58

Trading Range -- The scrip opened at 42.00, moved up to an intra-day high of 43.00, declined to an intra-day low of 41.35 and closed at 41.60.

Review/Outlook -- The scrip has reflected weakness by closing below the 10-day average and with the indicators looking weak, a further downside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 166, 155 173.95 175, 188 Td HLL 141, 127 146.75 155, 163 Dt INFOSYS 2985, 2405 3279.35 3468, 3977 Td ITC 665, 592 723.00 729, 759 Dt MTNL 85, 63 99.85 103, 115 Dt RIL 324, 302 335.55 345, 374 Sd SATYAM 149, 113 164.55 173, 199 Dt SBI 380, 358 404.90 415, 450 Sd TELCO 215, 199 215.00 232, 260 Sd TISCO 189, 175 190.60 207, 220 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