The Asian markets are trading on a weak note on Intel warning, and the Sensex is expected to open on a weak note after the marginal drop of 15 points at 14,115 yesterday. The weekly support of Sensex at 14,056 becomes crucial today, and a break below that level is likely to trigger a short-term correction of 200-250 points. On the upside, the index faces the first daily resistance at around 14,168, and a solid resistance around 14,200. On the break-out above this level, the first weekly resistance of 14,350 comes to the fore. Trade wisely, and have a profitable day! |