Market may open weak

Market may resume on a weak note on the back of weak Asian indices in the early trades and mixed US markets in overnight trades. However, optimism in the market likely to persist on strong bullish sentiment and the market may turn positive in the afternoon trades. Among the local indices, the Nifty could face resistance around 3885 and has a likely support at 3775.

US indices struggled for direction on Monday as investors welcomed falling oil prices, a strong employment report and some company deals but showed reluctance after last week's rally. While the Dow Jones gained 9 points at 12569, the Nasdaq shed two points to close at 2469.

Crude oil prices eased further, with the Nymex light crude oil slipping by $2.77 at $61.51 per barrel. In the metals segment, the Comex gold for June series slumped $2.50 to settle at $679.40 an ounce.