From the index point of view, the level of 4005 points will continue to be an important support and the position will weaken below this level. An immediate hurdle lies at at 4080 points.

Infosys gained more than 11 per cent in the last two trading sessions and the immediate hurdle of Rs 6,400 is not very far from the current level. Satyam Comp, however, managed to remain firm in the last few trading sessions. The counter may do well and the level of Rs 375 can be used as stop-loss for long positions. The fall on the Zee Tele counter was very sharp but a recovery of nearly 5 per cent from the day's low has already taken place. The trading volumes too were at their all-time high. HLL dipped sharply. In the process, it broke its important base of Rs 196.

The fall on the ITC counter showed a slowdown. A bounce is not ruled out from current levels. Reliance is yet to break its first support of Rs 350. For Reliance Petro, the outlook will turn bullish above Rs 60.70.

SBI showed a break and the level of Rs 226 should be considered as an immediate hurdle. MTNL showed a sharp fall and has come close to its next base of Rs 174. For Bhel, the level of Rs 148 should be considered as an immediate support.

Tisco did well but a lot would depend on the its third quarter results, which are to be announced on Tuesday. It has a support at Rs 126 whereas immediate hurdle lies at Rs 138. For Tata Tea, the immediate support lies at Rs 272. The performance of the cement stocks remained dull. Grasim attracted buying interest. The level of Rs 308 will continue to act as resistance level. In case of L&T, the first resistance lies at Rs 206. ACC has a support at Rs 150. Overall, the mixed trend to continue.