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Pre-market: Stiff resistance ahead

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Our Web Bureau Mumbai
Yesterday's rally has opened up further upside for the market. However, the Sensex is likely to face stiff resistance around the 11,085 levels. If this level is crossed then the index could target 11,500 on the upside.

The index is likely to face resistance around 11,085-11,125-11,170 levels. On the downside, the index could find support around 10,780-10,735-10,685.

According to market analyst Shah, the Sensex is heading towards the 11,200-mark. A sustain above which, could see the index register a new high in the near term.

In case of a downside, today, the index is likely to find support around 10,850. Stocks with positive bias today are cement and metal stocks like ACC, UltraTech Cemco, India Cements, Sterlite and Hindalco, adds Shah.

 

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First Published: Jul 13 2006 | 9:16 AM IST

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