Volatility may continue in early trades

The market is likely to witness down trend as major Asian gauges like the Nikkei, the Hang Seng index, the Kospi index are down marginally, while the Jakarta index have gained decent, though US Market ended with a positive note. Domestic indices might also reamin volatile through out the day. The Nifty has supports at 3930 and the Sensex has a likely support at 13625 and may face resistance at 13780.

US indices registered gains, with the Dow Jones closing above the level at 12327, up 5 points, while the Nasdaq moving up by 11 points to close at 2466.

Indian floats gained in US market and closed higher. Wipro advanced 5.07% at $15.74, Satyam gained 4.71% at $24.24, MTNL raised by 3.34% at $ 6.19, DR Reddy'd up by 2.12% at $16.40, and HDFC Bank gained 1.68% at $74.34 , ICICI Bank Infosys and Tata Motors gained about 1-2% each. while VSNL declined by 0.61% at $19.59 and Reddif dropped 3.7% at $19.26.

While the Nymex light crude oil for January delivery fell by 93 cents to close at $59.24 a barrel. In the commodity space, the Comex gold for February series jumped 30 cents to settle at $635.40 an ounce