Sensex has supports at 16,630 and 16,210:
``The Indian market is expected to open gap down following panic selling across US and Asian markets. The Sensex has supports at 16,630 and 16,210 and resistances at 17,080 and 17,230. The Nifty has supports at 4,950 and 4,930 and resistances at 5,100 and 5,140,`` said stock broker ICICI Securities while commenting on the market outlook.
``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.``