Another down day in the offing

With gloom and doom across the world markets the Sensex is likely to open on a negative note. It might be interesting to see whether the recent low of 9201 holds or not?

Only ray of hope seems the huge buying by FIIs in the cash market on Friday, wherein they were net buyers of shares worth Rs 509 crore.

If the index does not break its recent low of 9201, it might attempt an pull-back. Upmove could see the index face resistance around 9641 levels.