The Sensex bounced back from the support level of 9,020 mentioned in the last few days. The index yesterday touched a low of 9,017, and then ended at 9,091.
The Sensex is likely to start in the green today backed by positive cues from the overseas markets. The index now needs to clear the 9,365-9,425 resistance zone as soon as possible in order to provide any strong upmove. On the downside, if the index breaks 9,020, it may soon slip to 8,725.
Today, the Sensex is likely to face resistance around 9,180-9,205-9,235, while support on the downside will be around 9,000-8,975-8,950.
The NSE Nifty is likely to face resistance around 2,805-2,810-2,820, while support on the downside will be around 2,755-2,750-2,740.
