Weak market on expected lines remember fii's were heavy sellers of index futures yesterday and in lines with world market where asian markets are trading down by around 0-5% now for today. 5740 nf will act as last hope support of bulls on bounce 5800 nf first hurdle of bulls only breaking this range will set further moves from bulls or bears.
1) NIFTY OUTLOOK: NIFTY FUT. Taking support @ 5880 over all trend is bearish resistance @ 5995 now . Last week closing below 5950 would be weak and nifty move accordingly . You can sell nifty @ 5930 tomorrow sl will be big 5995 once nifty break 5870 then can hit 5820 to 5790 range 5770 to 5995.
2) BANK NIFTY very weak on my charts sell sell sell on rise sl 12420 below 12200 tgt 12050 to 11750 range 12450 to 11500.
1) NIFTY OUTLOOK: NIFTY FUT. Taking support @ 5880 over all trend is bearish resistance @ 5995 now . Last week closing below 5950 would be weak and nifty move accordingly . You can sell nifty @ 5930 tomorrow sl will be big 5995 once nifty break 5870 then can hit 5820 to 5790 range 5770 to 5995.
2) BANK NIFTY very weak on my charts sell sell sell on rise sl 12420 below 12200 tgt 12050 to 11750 range 12450 to 11500.
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