Pre-market: Stay on sidelines

Following yesterday's huge sell-off, the market sentiment has turned very cautious. Margin calls, if any, could trigger a fresh round of selling today.

Technically speaking, the index at first should try and hold at yesterday's low, beyond which it has a support at 13,160. On the upside, the index need to cross 13,630, in order to attempt any major pull back.

The index is likely to face resistance around 13,605-13,670-13,735 levels, while on the downside the index may find support around 13,195-13,130-13,065 levels.