Upmove may face stiff resistance

The Sensex is likely to open on a positive note. However, the upmove may face stiff resistance around the 12,120 levels. Ong the downside, the index is likely to find support around the 11,940-11,880 levels.

Following companies are scheduled to announce their earnings today and hence could be in action - Canara Bank, Elder Pharma, Kochi Refineries, Reliance Capital Ventures, Gujarat Gas, HCL Infosys, Indiabulls, Reliance Capital and Rolta.