Stocks are likely to remain choppy amid mixed cues from overseas markets.

Stocks are likely to remain choppy amid mixed cues from overseas markets.

Resistance is pegged at 3016 points and if the bears fail to hit the required run rate of 3035, then the support of 2890-2902 is likely to be tested. Crucial support at 2864 points needs to be broken to threaten the bulls. Bulls have got the much needed breather; henceforth more time damage rather than price damage would be favourable for them as the bears will try to capitalize on yesterday's opportunity.

Inflation data, scheduled to be announced later Thursday, is forecast at 7.49 per cent in the 12 months to Dec 6, compared with 8.00 percent in the previous week.