As mentioned below in yesterday's post that the governments would try to keep the sentiment upbeat, China has announced about $600 billion stimulus plan. So, Asian markets are trading higher this morning.

RELIANCE: Faces resistance at 1375. Inability to surpass this resistance this week would be a cue to go short. Supports are at 1218 and then 1150. A close below 1150 would pull this stock to previous lows at 930 again.

SBIN: It needs to hold above 1180 this week, then it could make an attempt towards 1420 and then 1550. Favoured view is that this stock is going to remain in a range of 1000 and 1500 for a few more weeks.

INFOSYSTCH: Medium term turns positive only on a close above 1450. Buy above here for targets of 1600. Otherwise buy it on decline near 1200 with stop at 1180. The support below 1180 would be 1040 but things could turn iffy below 1180.

Trading would depend on the world sentiment. Trade light because the medium term is definitely negative unless 13000 level on the SENSEX is breached conclusively.

Keep track of all the posts here. Next post expected between 2.30 and 3p.m.(09.30 GMT).