Pre-market: Expiry related volatililty likely

| The Sensex is likely to swing to the tune of July derivative expiry today as bulls and bears look to square off pending positions. On the upside, the index is likely to face resistance around 10,725-10,760-10,795 levels. On the downside, the index has support around 10,505-10,475-10,440 levels. According to market analyst Shah, the Sensex has support around 10,450, while it will face resistance around 10,750 levels. "HLL, TCS and Satyam are the counters where one may see buying ahead of today's expiry.", says Shah. Adding that, position trades may look at stocks like IPCL, Sterlite and Hindalco. |
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First Published: Jul 27 2006 | 9:17 AM IST

