Sensex has resistance at 18,040 & 18,200:
``However, reversing the trend of the last five months, India`s WPI inflation rose to 6.95% in February from 6.55% in January denting, to some extent, hopes of a rate cut. Also, Railway Minister Dinesh Trivedi hiked fares for the first time in eight years in the railway budget saying the hike was imperative in light of the increase in fuel prices. While the Sensex rose by 105.7 points or 0.6% to 17919.3, the Nifty rose to 5,463.9, up 34.4 points or 0.6%. The Sensex has supports at 17,840 and 17,690 and resistances at 18,040 and 18,200. The Nifty has supports at 5,430 and 5,390 and resistances at 5,490 and 5,530.``
``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.