A positive move on HLL and RPL helped the index to show a gain of 8 points. HLL remained firm throughout the day and is above its first hurdle. The counter is likely to remain firm in the near future. RPL gained more than 2 per cent and the oultook continues to remain positive. Reliance also remained firm and closed above the Rs 400-mark. The level of Rs 391 continues to remain a key reference point for short-term positions.

SBI corrected itself and the trend may continue for some more time. ITC also remained mixed and one can expect a sideways movement in the near future. The level of Rs 825 is an immediate resistance. Bhel, MTNL, Telco and Tisco also witnessed profit-booking and showed a decline. For MTNL, the level of Rs 200 is an important resistance. Bhel is likely to show a mixed trend. The stock is above its short-term resistances but one can wait for some time before it starts its uptrend once again. The corrective may also continue on counters like Tisco and Telco. The cement counters also remained under pressure. For ACC, the position will weaken below Rs 184. Grasim has broken its immediate support level. The weak trend is likely to continue on the L&T counter also. In case of Infosys, the level of Rs 6,300 is an immediate reference point for long positions. For Zee Tele, the level of Rs 227 should be considered as the first base. Satyam Comp has recovered but failed to cross any significant hurdle.

Overall, the trend is likely to remain mixed in tech as well old economy counters. Counters like Wipro, Dig Equipment, Raymond, Cipla, and BSES appear favourable for long positions.