The recovery at close was seen in most of the sensex scrips. This would indicate that the prices are likely to stabilise. Wednesday being the opening for the new NSE week could help. Sensex has now dipped firmly below the 12 days exponential moving average, which is at 3308. ACC continues to rule firm. BajajAuto closed weak. Bhel is trying to stabilise. BSES is resisting the bear pressure, which is considerable. Castrol has now got a toehold! Glaxo exhibited high intra-day volatility and has closed marginally higher. It's 12-day exponential moving average gained Rs 9 only to close at Rs 701.56. Other pharma scrips, too, were subdued.

The stochastic indicator is kissing the trigger line in the overbought region. Grasim shows strength to move up. Gujarat Ambuja is trying to reverse itself. HLL closed weak, but it is close to a base line. Infosys moved in narrow range and gained marginally. ITC has the potential to help a Sensex recovery. Arvind Mills has shown strength in an otherwise weak market. Ballarpur Industries is likely to gain further. So is the case with Balrampur Chini. Bank shares continue to be weak. There is a strong bullish grip on Bombay Dyeing. GSFC is making a slow but sure advance. At Hero Honda, wait for the weakness to get over. HPCL is seeing rising volumes. LML is now bouncing aftertouching the base line at Rs 64. Should bear pressure resume, Sensex would take support at 3212.