The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %.  The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5727 & below this level the next support is seen near 5660 mark.

Indian markets down 1.50%, Nifty slips below 5850 & Sensex below 19500.
WPI Inflation came at 8.98 % vs. 8.31%, Mfg. products came at 6.21 vs. 4.94%.
European markets were mixed with DAX leading, Dow future was down 5 pts.
Indian market ended down 1.50% due disappointing IT bellwether; Infosys results & rising inflation as Nifty lost 87 pts to end at 5825 while Sensex was down by 310 pts to settle at 19386. Euro markets were in green due to number of positive economic data with FTSE up 23 pts, CAC down 4 pts & DAX up 32 pts. Dow future was down 5 pts.
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After rallying in green zone for last two weeks, market today faced  the selling pressure and Nifty Index ended in the red at 5891.75 down by -.31% or 18.30 points.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5975 & above this level the next resistance is seen near the 6075 mark.

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark.

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