With the markets set to open after a gap of two days, the Sensex is likely do to some catch-up with other global markets in terms of an upmove this morning.
However, for the upmove to sustain, the index needs to hold above 8,250-8,325. The rally at the most may stretch upto 8,470, and further upto 8,760 in the coming days. Chances of a change in trend are very slim, so one can expect a fresh decline after the pullback gets over.
Today, the index may face resistance around 8,215-8,250-8,325, while support on the downside around 8,100-8,060.
The NSE Nifty needs to sustain above 2,615 to end on a strong note todya. The index may face resistance around 2,600-2,620, while support on the downside may be around 2,550-2,530.
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