The Nifty future shut shop at 4936.65 losing 41.20 points or -0.83 percent. Nifty
future decreased 1560500 shares in open interest, and came to discount of 9.25
from premium of 6.60 whereas cost of carry is -1.46 vs 4.13, down -64.64 percent.
On the options front the OI PCR is 1.20 vs 1.24, whereas the Volume PCR at 0.98
vs.0.96. On the Volatility Front the Indian Volatility Index has ended at 32.00% vs. 32.01 % losing -0.03%

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The dollar hovered near a two-week low against a basket of currencies.
Gold steady on Greece debt fear.
Brent crude oil fell below $115 a barrel on Monday.
Silver rose as much as 1.3 percent to $38.36.
Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. Shanghai copper fell on Monday on technicals, European debt problems and uncertainty about the monetary policies of the United States and China, on track for a 1 percent loss in May.
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The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 else above resistance level of 5540 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5630 mark. 

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark

In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row. 

Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10620 & below this level the next support is seen near 10430 marks

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Nifty 

Trend: - Consolidate
Resistance: - 5570 5650
70,
Support: - 5490, 5
, 5400
Strategy: - Sell on highs

 Bank Nifty 

Trend: - Consolidate
Resistance: - 11040 11300
040,
Support: - 10780, 1
, 10640
Strategy: - Sell on highs

Indian equity market ended up 1.60%; Nifty up 87 pts and Sensex up 266 pts.
Feb WPI inflation came at 8.31 vs. 8.23% in Jan as against expected at 7.79%.
European markets were down with DAX worst, Dow future was down 20 pts.
Indian equity market ended up despite negative global cues on the back of falling crude
oil prices. Nifty added 86 pts to end above 5500 at 5531 while Sensex rallied 265.4 pts
to end at 18440. Euro markets were in red on concerns over economic damage caused
by Japan’s earthquake with DAX down 84 pts, FTSE down 19 pts & CAC down 23 pts.

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