<b>Pre-mkt:</b> Uptrend may continue till Infy results

The up trend is likely to continue for yet another day with the Sensex seen crossing the 18,000-mark in early trend and a possible reversal thereafter on the back of profit booking.

Weakness in the Asia Pacific markets this morning may play spoilsport to some extent. The general consensus among experts is that the uptrend will continue till Infosys Technologies declares its second quarter results next week.

It is expected that the tech giant will come out with a better than expected Q2 numbers. Eventually, the Q2 results will determine the future market trend.

Technically, the markets contine to hove in overbought state with with the 5-day relative strength index (RSI) at 99 and the 14-day RSI at 87. The last time 14-day RSI crossed 85 was in May 2006 and July 2007. The markets had reacted sharply then. Nifty support is seen at 5076 while resistance at 5303.