Pre-market: Expect another volatile day

The Sensex is likely to open on a flat note due to lack of clear direction from the global markets. However, the index is likely to continue witness selling pressure at higher levels. The index had closed positive for the last seven weeks, and today will be the eigth week if the index is able to close above 11,919.

The index is likely to face resistance around 12,015-12,030-12,045 levels. On the downside, the index may find support around 11,930-11,920-11,900 levels.

According to market analyst Shah, the Sensex is likely to gain momentum above the 12,000-mark. Mid-cap stocks could rally as well. On the downside, the index has a support around 11,880 levels.

He adds that, one may adopt a wait and watch policy till the index breaches either of the levels.

Stocks to watch today are Reliance, BASF, MphasiS BFL, ITC and GE Shipping, says Shah. He adds that one may buy NDTV and Dena Bank for investment purpose.