Key levels: Watch out for Nifty 3,130

The Sensex zoomed past the 10,000-mark yesterday aided by heavy short-covering in select index heavyweights. The recent rally which has been suprising has caught most of the players on the wrong foot.

Technically, the mid-term trend has turned up and will remain up as long as the index sustains above 9,650.

Today, the Sensex may face resistance around 10,125-10,200. On the downside, the index is likely to find support around 9,880-9,800.

The Nifty is likely to face resistance around 3,130-3,155, while find support around 3,035-3,005.