For the sensex, the outlook is positive as the main trend is up and the IThas not broken any important levels. For the extremely short-term player,the level of 5344 point can be used as a refrence point. The next support isat 5305 points, and support thereafter exits at 5184 points. Till sensexremains above this level, the short-term outlook remains bright.

As for the individual stocks, H. Lever showed an impressive rally lastweek, and touched an all-time high. The stock is bullish, and has a strongsuppor at Rs 2400. On the upper side, the rally is likely to acceleratedabove Rs 2800.

The number two counter, Infosys is making an attempt to form a bottom. Andthe success is likely next week as the stock has shown a correction of morethan 30 per cent from its peak. For a reversal, the stock needs to form ahigher bottom. The immediate resistance for the stock is at Rs 13,200.

The position of ITC comparatively better. After a rally, the stock has movedside ways, and formed a good support at Rs 865. One can take a position withthis level as a reference point. On the upper side, the rally is likely toaccelerated above Rs 930.

SBI has shown a sharp downtrend last week, and a technical correction on theupper side is not ruled out. The stock is likely to face a strong sellingpressure on every rise.

The position of Reliance is much better. The stock near its all-time high,and a sharp move is likely. The stock has good support at Rs 305, and Rs 283respectively. These two levels can be used as reference points for longpurchases.

MTNL is extremely bullish, and may show a sharp move from the currentlevels. Ranbaxy is weak, and a side way move is likely. Bhel is near itsbottom, and accumulation seems to be on. However, below Rs 205, the positionwould weaken, and attract short-sellers. Castrol and Bajaj Auto stocks seenin a better conditions, and likely to show a positive move.

For the software sector, the outlook is mixed. While some counters likeSatyam and Digital have shown strong close. Silverline and Rolta have showna weak close. One can expect a positive move Satyam Computers' counter. SSI,and Aptech too appear positive.

Other specified counters were a positive move is likely are : Ashok Leyland,Bata, Century, Ceat, Godrej Soaps, HDFC, ICICI, ICICI Bank, Raymond, andM&M.