Pre-market: Sensex at crucial level

Following the four-day rally, the Sensex is now close to its double top made in mid-July of 10,940. A cross of which, could remove some of the bearishness in the market. However, is the index is not able to surpass it in the coming days, we could drift back to lower levels again.

On the upside, the index is likely to face resistance around 10,810-10,830-10,850 levels. On the downside, the index has support around 10,675-10,655-10,635 levels.

According to market analyst Shah, the Sensex is likely to face resistance around 10,850, before reaching 10,940. The index has support around 10,625.

His top picks for the day are Hindalco and Cummins.