New players likely to be in focus

The market outlook for today is that of continued optimism as the markets are undergoing a process of "progressive destruction" wherein newer sectors are coming to the forefront and erstwhile favourites succumb to profit sales, says Vijay Bhambwani, investment consultant, BSPL India.

He adds, the intraday levels for the Nifty are 3161.48 where support is likely and 3219.32 levels where resistance is likely in case of advances.