Following yesterday's strong close and positive cues from the global markets, the Sensex is expected to open on a high note.
The index is likely to move towards 16,200 today, where it is likely to counter some kind of resistance before making the next up move towards this month's expected target of 17,000. In case of weakness, the index may consolidate between 15,670-16,000 for some time.
The NSE Nifty is likely to face resistance around 4,750-4,780. On the downside, is likely to find support around 4,670-4,645.
