Pre-market: Cautious mood prevails

Following the near 1,000-pt fall in the last three days, the market mood has turned bearish. Further, unwinding of positions by banks and brokers cannot be ruled out today.

A complete recovery possible only if the Sensex is able to cross 13,160-13,370 resistance zone. On the downside, a move below yesterday's low could see the index seek support around 12,450 levels.

The index is likely to face resistance around 13,260-13,340-13,425 levels, while on the downside the index may find support around 12,730-12,650-12,565 levels.