Market may remain volatile

The weak Asian indices in the ongoing trades and fund inflows turning negative in the last trading session may weigh on the sentiment. Among the key domestic indices, the Nifty could decline and test level of 3940 support levels and it is likely to trade in the 3940-3997 range. to The Sensex has a likely support at 13800 and may face resistance at 13910.

US indices finished weak on Thursday with Dow Jones down 9 points at 12502, the Nasdaq declined 6 points to close at 2426. Among the Indian floats trading on the US bourses were mixed. HDFC Bank rose nearly 2.92%, ICICI Bank advanced 2.73% and Rediff gained 2.12% while Satyam, Dr Reddy's, Infosys, Wipro and Patni registered decent gains. However, Tata Motors lost 1.82% and MTNL, VSNL edged lower.

In the crude oil space, the Nymex light crude oil for February series advanced by 19 cents at $60.53 a barrel while commodity segment saw the Comex gold for February delivery added $6.60 to settle at $636.90 an ounce.