The Sensex is likely to open on a positive note backed by strong Asian markets and significant gains by the Indian ADRs. With a strong close above 13,530, the index now looks set to rally towards its next target of 14,060, in between it may counter some resistance around the 13,760-mark. Bulls are likely to have the upper-hand as long as the index stays above the 13,500-mark. The index is likely to face resistance around 13,690-13,715-13,740 levels, while on the downside the index may find support around 13,540-13,520-13,495 levels. |