In fact, even outside the A group scrips, several scrips are advancing and offer attractive opportunities. The Sensex opened at 3,342 with a gain of 33 points over the previous close of 3,309. It posted an intra-day high of 3,400, against the previous high of 3,322. The day's low at 3,335 was a hefty 91 points higher than the previous low of 3,246. This underscores the firmness of the market.

The market closed at 3,354, posting a gain of 45 points over the previous close of 3,354. The 12-day exponential moving average is at 3,281. As can be seen in the graphic picture alongside, the index has established a firm base line at 3,211 for over four days before it moved up. Such a foundation should normally give sufficient thrust for the price to move up. At the same time, therisk of a sudden and steep fall is minimised. Of the Sensex scrips, Reliance Industries continues to be strongly bullish. ITC is poised and can hold its position. State Bank is set to move up slowly. HPCL and Hindalco are also likely to support the market upmove.

Infosys appears to be suffering fatigue. ACC, BHEL, and BSES are set to strengthen further. On the daily Sensex charts, the daily stochastic indicator is in positive territory. The RSI indicator has signalled a buy for the long-term investor.

The Sensex is now being driven by a mix of scrips, of which a few are showing signs of fatigue. But on the other hand, several others have formed good technical positive patterns. These patterns make it possible for them to move up further. Market players are likely to play up on these scrips and not be too overawed by any sluggishness in the Sensex.