Following yesterday volatile day, market players would like to adopt a wait and watch approach today ahead of the weekend. While the US markets ended on a flat note, the Asian indices are holding marginal losses in early trade.For today's trading, the Sensex is likely to face resistance around 11,745-11,760-11,775 levels. On the downside, the index may take support around 11,650-11,640-11,625 levels.According to market analyst Shah, the Sensex is likely to slip in the early trades. However, the index may recover towards the close. The index is likely to move in a broad range of 11,550-11,800 levels. Nifty support level is around 3380.He adds that, positive action can be seen in stocks like Ranbaxy, Cipla, Bank of Baroda and Federal Bank.
