Sensex has support at 17,290 & 17,070:
``The early rally in the markets was due to firm Asian cues on stronger-than-expected reading on German ZEW investor sentiment index and a successful Spanish sovereign debt auction overnight. While the Sensex rose by 34.5 points or 0.2% to 17,392.4, the Nifty rose to 5,300.0, up 10.3 points or 0.2%. The Sensex has supports at 17,290 and 17,070 and resistances at 17,520 and 17,660. The Nifty has supports at 5,280 and 5,255 and resistances at 5,320 and 5,350.``
``The Indian market is likely to open negative on the back of negative Asian cues. The Sensex has supports at 17,390 and 17,270 and resistances at 17,560 and 17,710. The Nifty has supports at 5,210 and 5,190 and resistances at 5,270 and 5,290,`` said stock broker ICICI Securities while commenting on the market outlook.