Cautious day ahead

Coupled with a late sell-off yesterday and a mixed signals from the global markets and Indian ADRs the Sensex is likely to open on a nervous note. Stock specific activity is likely to continue.

Vijay Bhambwani, CEO & Technical analyst of BSPL India says, "Traded volumes must be watched as any fall accompanied by higher volumes will be the first conclusive warning of the uptrend showing signs of cracking".