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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The S&P CNX Nifty closed today  at 5538.75, up 2.55 points or 0.05. The Nifty Benchmark ended at 5547.54 up 3.05 points or 0.06 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5715 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5375 mark.

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