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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Nifty Outlook
Trend: - Consolidate
Resistance: - 5530 , 5640
Support: - 5460 , 5380
Strategy: - Sell on highs

Bank Nifty Outlook
Trend: - Consolidate
Resistance: - 11070 11270
Support: - 10750,  10600
Strategy: - Sell on highs

Indian equity market up 1.2%, Nifty above 5500, up 62 pts & Sensex up 192 pts EUR core CPI came down at 1% vs. 1.1%, CPI y/y came as expected at 2.4%. European markets were down with FTSE worst, Dow future was up 30 pts. Indian equity market ended up 1.20% ahead of crucial RBI credit policy meet on 17th March. Nifty added 62 pts to end above 5500 at 5512 while Sensex gained 191 pts to end at 18359. Euro markets were down due to negative economic data with FTSE worst 40 pts at 5655, CAC 30 pts & DAX down 9 pts at 6640. Dow future was up 30 pts.

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