With the latest fall, the index formed a gap of nearly 30 points. As the sentiment was bullish till Friday, the chances of the index filling this gap is quite high. The level of 4340 points should be considered a fresh resistance whereas the level of 4200 points is an immediate support level. Counters like ITC, HLL, Bhel and Infosys may provide some help to the Sensex in the coming days. Infosys has resistance at Rs 6,900 and the level of Rs 6,580 can be used as immediate stop-loss. For Zee Tele, the position will shown an improvement above Rs 270 whereas Satyam Comp has a support at Rs 391. The level of Rs 420 is major hurdle. As for HLL, the immediate base exists at Rs 200 and it will improve further above Rs 208.

Reliance and Reliance Petro may continue their upward movements. While the level of Rs 370 should be used as stop-loss in case of Reliance, in case of Rel Petro, the stop-loss is at Rs 61.50.

MTNL also remained in negative territory. It may show a sideways move. The position of Bhel, however, will show a smart improvement above Rs 164. SBI remains firm and the level of Rs 224 should be used as stop-loss. ITC has taken a support at Rs 870 and a bounce is expected.

The cement counters remained firm during the first two hours of trading but witnessed huge selling pressure during the second half. While the undertone for these stocks will continue to remain positive, for a fresh upmove one can wait for consolidation.

Overall, while the earthquake has taken its toll and has affected the sentiment badly, selective buying is likely to continue. The new economy stocks are expected to do well. Counters like IPCL, Tata Power, Bata, Tata Chem and Telco appear favourable for long positions.