As a result, the Sensex has come close to its major hurdle of 4500 points. The level of 4370 points is an important support on the downside. Meanwhile, HLL remained dull, and the outlook is far from impressive. The stock is likely to remain dull.

ITC has also shown a smart improvement on Thursday. It has made a good base at Rs 755. And unless this level is broken, the short-term outlook is likely to remain positive.

SBI will continue to have a resistance at Rs 205, and unless this level is crossed, the short-term outlook is likely to remain negative. Meanwhile, Zee Tele has crossed its short-term resistance, and appears positive. The stock has a good base at Rs 505 which can be used as stop loss level.

Satyam Comp has also shown an improvement. The outlook for this stock will improve above Rs 575. The next hurdle for the stock is at Rs 590. Infosys has shown a smart improvement but it is close to its major hurdle of Rs 8400. ACC, and L&T have also attracted buying interest, and are likely to do well in the near future. Reliance meanwhile have shown a dull movement.

level of Rs 330 will continue to provide a support to the stock. On the upper side, the stock is likely to face a resistance at Rs 346. Immediate resistance for the stock is at Rs 340. MTNL has shown a sideway movement but the outlook is far from impressive. The fall is likely to gather momentum below Rs 150. Bhel is likely to do well. Telco, and Tisco may show a dull trend. Ranbaxy however appears positive, and may do well in the near future.