Sensex shows improvement
Mumbai: Riding on the back of gains in Infosys, Reliance, ITC, and MTNL, the BSE sensex showed a positive close. However, although the Sensex has gained 18 points, the outlook continues to be depressing. For the index, unless it moves above 4,300 points, the short-term outlook will continue to remain negative, and stocks may face selling pressure on every rise. The software sector showed a mix trend.

HLL remained below Friday's high, which is its first resistance, Infosys gained 3 per cent, but will find resistance at every level and Zee is from from impressive as the stock is yet to cross any short-term resistance.

Reliance has taken a support at Rs 324, and will continue to find buying around this level. The first resistance for the stock is at Rs 336, and the next hurdle is at Rs 344.
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