Pre-market: Sensex may open flat

The Sensex is likely to open on a flat note due to mixed cues before the opening bell. While our markets are having a bullish undertone, global markets were seen weak this morning.

The index is likely to face resistance around 12,320-12,335-12,350 levels. On the downside, the index may find support around 12,230-12,215-12,200 levels.

According to market analyst Shah, after opening flat the Sensex is likely to move in a range of 12,200-12,350 levels.

Stocks to watch today are Bank of Baroda, Bharat Forge, ITC and Dabur. He adds that, one may look at Bayer Corp, Apollo Tyre and Banco Products for delivery based buying.

Another analyst Bharat Momaya says that yesterday's Sensex upmove indicate that the index is likley to show a sharp upward movement in the coming days. Short sellers may restrain their trades. There is a high possibility that short sales may be caught unaware due to sudden spurt in the index.