Mkt Outlook: Resistance around 13,100

The Sensex closed with a gain of 71 points on Wednesday at 13,033 on the back of the rally in Reliance.

The global cues are weak - Wall Street indices declined on lower manufacturing growth in the US and the Asian markets are trading weak. Crude continues to be below $59 per barrel.

Auto numbers for October were good. The outlook remains cautiously bullish.

The Sensex faces a major resistance at 13,103, and a move above that level is clearly a bullish indicator.

The first support comes in at 12,990, and the last major support for the day is around 12,963 below which the mood turns bearish.

The monthly range for the Sensex is seen between 13,500-12,400.