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Pre-market: Another weak start likely

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Our Web Bureau Mumbai
Follow-up selling in early morning deals could see the index open lower. Continued selling by FIIs is likely to weigh on the market sentiment for the short-term. However, the market may witness buying at lower levels on the back of recovery in select world markets and a drop in crude oil.

On the downside, the index has a near support around 10,205, below which the support is at 10,145-10,100-10,055 levels. On the upside, the index could face resistance around 10,440-10,485-10,530 levels.

According to market analyst Shah, 10,250 is strong support for the Sensex. In case the index breaks it, the slide could continue till 9800. On the upside, the index may face resistance around 10,440.

 

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First Published: Jul 18 2006 | 9:18 AM IST

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