Business Standard

Pre-market: A decisive break likely this week

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Our Web Bureau Mumbai
The Sensex is likely to open on a rather flat note and may trade in a narrow range with a positive bias for most of the trading day today. World markets are awaiting for Fed' move tomorrow.

Technically the Sensex is poised to make a major decisive break this week. A either side breakout of last week's high and low (11,082 & 10645) could set the trend for the rest of the month.

On the upside, the index is likely to face resistance around 10,955-10,980-11,010 levels. On the downside, the index has support around 10,780-10,750-10,725 levels.

 

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First Published: Aug 07 2006 | 9:13 AM IST

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