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Key levels: Resistance at 9,580

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Rex Cano Mumbai

The Sensex is likely to open flat to positive note following yesterday's profit-taking.

The index yesterday crossed the resistance of 9,580-9,650, and touched a high of 9,699. However, the index was unable to hold gains at higher levels. For the upmove to continue the index needs to close above this resistance zone for a couple of days.

Today, again the Sensex is likely to face resistance around the same 9,580 to 9,650 level. On the downside, the index is likely to test 9,300-9,230 in the next few trading days.

The Nifty is likely to face resistance around 2,980-3,000, while find support around 2,890-2,875.

 

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First Published: Mar 25 2009 | 9:12 AM IST

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