Benchmark Indies S&P CNX NIFTY ended in red and closed below crucial support levels of 5350. It was down by 83.45 points or 1.55 %. The Indian VIX which is currently at 24.74 and it was up by 0.20 % % or 0.05 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5320, down 74.05 or 1.37 %. It is looking bearish in the coming trading session if it manages to break the support level of 5225 else above 5445 it would be in a bullish trend.
RESISTANCE: It has first resistance close to the level of 5445 & above this level the next resistance is seen near the 5566 mark.
SUPPORT: It has first support close to the level of 5225 & below this level the next support is seen near 5170 mark.
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