A hesitant and scrip specific recovery is underway while trading can be expected to be lacklustre in view of the long weekend. IT major Wipro announces its results today, which could have an impact on the market sentiment.

Sensex -- Last Close: 3032.32 | Support: 3007, 2922 | Resistance: 3110, 3210

Trading Range - The Sensex opened at 3005.35, moved up to an intra-day high of 3037.30, declined to an intra-day low of 3000.72 and closed at 3032.32.

Review/Outlook  - The Sensex has finally ended its losing streak to finish in positive territory and an intra-day upside above the 3038 level cannot be ruled out.

Cipla -- Last Close: 734.15 | Support: 730, 716 | Resistance: 747, 758

Trading Range - The scrip opened at 748.00, moved up to an intra-day high of 748.00, declined to an intra-day low of 732.05 and closed at 734.15.

Review/Outlook - The scrip has spent the last 4 trading sessions in trying to overcome the 10-day average but has failed to do so. A weak closing yesterday seems to indicate further downside today.

Nicholas Piramal -- Last Close: 215.35 | Support: 211, 205 | Resistance: 219, 228

Trading Range - The scrip opened at 211.85, moved up to an intra-day high of 216.90, declined to an intra-day low of 211.00 and closed at 215.35.

Review/Outlook - The scrip has been receiving support from the 210 level for the past 6 trading sessions and has perked up only yesterday. The oscillators look positive and a further upside cannot be ruled out.

Hindalco -- Last Close: 592.90 | Support: 590, 574 | Resistance: 600, 614

Trading Range - The scrip opened at 582.00, moved up to an intra-day high of 293.10, declined to an intra-day low of 579.30 and closed at 592.90.

Review/Outlook - The scrip has finally managed to overcome the 590 level after much ado on the daily chart indicating the probability of further appreciation from these levels.

LIC Housing Finance -- Last Close: 73.95 | Support: 70, 66 | Resistance: 75, 81

Trading Range - The scrip opened at 71.90, moved up to an intra-day high of 74.15, declined to an intra-day low of 71.90 and closed at 73.95.

Review/Outlook - The scrip has moved up to a higher plane after a 6 trading session consolidation phase and looks set to continue this positive movement further.

Stock Track

Scrip Support Last Close Resistance Trend ACC 135, 127 136.80 143,148 Td HLL 141,127 147.75 155,163 Sd INFOSYS 2985, 2405 3025.40 3468, 3977 Dt ITC 665, 592 686.40 729, 802 Tu MTNL 95, 85 96.20 103, 115 Sd RIL 269, 242 283.60 302, 324 Sd SATYAM 149, 113 157.35 173, 199 Dt SBI 276, 258 290.45 293, 314 Sd TELCO 148,135 156.95 168, 186 Td TISCO 131,125 134.20 139, 150 Td 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