While the sentiment has improved smartly, profit-booking is not ruled out at higher levels.

Zee Tele attracted an all-time high volume and remained strong throughout the day. An immediate hurdle lies at Rs 290. The uptrend is likely to show a slowdown. For Satyam Comp, which lost more than 4 per cent, the level of Rs 430 is a major resistance. It has a support at Rs 395. Infosys also remained dull on Tuesday. The level of Rs 6,700 should be considered as an immediate support whereas the level of Rs 6,900 will act as the immediate hurdle.

Reliance group stocks' remained in limelight. Reliance is approaching a new high. The outlook for the counter continue to remain positive and the level of Rs 377 should be used as stop-loss.

Reliance Petro also appears strong but profit-booking is not ruled out at higher levels. HLL remained dull. The position will start showing signs of weakness below Rs 200. SBI also gained smartly. The next hurdle for the counter exists at Rs 235. For ITC, the position will improve drastically above Rs 930. The level of Rs 905 should be used as stop-loss. Bhel remained dull but the outlook continues to remain positive. The level of Rs 152 is an immediate support. Tisco and Telco also remained firm for a major part of the day. The trend is likely to continue on both counters. The position of Tata Tea has improved smartly. The stock is above all short-term hurdles and the uptrend is likely to continue. The level of Rs 278 should be used as stop-loss for long positions.

The performance of cement stocks continues to be impressive. L&T closed at the day's high and the uptrend is likely to continue. ACC may also do well. GACL, Century and India Cement appear strong.

The undertone of market has shown a further improvement and the new economy has managed to sustain its earlier gains. This is a good sign. Selective buying may continue. Tata Tea, Century and DSQ Soft appear favourable for long positions.