NIFTY :

As expected Nifty was break down their support level 5180 and almost it was test 4955. Now we may consider support are 4944-4925 and decisively break will further down ward pressure and test 4833. If unable to hold this level non stop target are 4538 (previous resistance) Higher level some resistance are 5080-5160 to be watch.

Trend Decider of this week are 5095.

Today resistance are 5035-5050, down side support are 4980, break and trade below further weakness up to 4950 on the card. Sell on rise 5080-5100, down side target are 4930-4900.

BSE:

Last week was recorded the meaningful decline and break down their major support zone 17250. Due to weakness in US market on Friday also suggests that more down side in coming days. On a weekly front we may consider resistance are 17000-17290, down side support are 16560-16270 and break down this range non stop target are 15330.

Trend Decider of this week are 17045.

Today resistance are 16900-17050, if hold this level, bull will come into the market, down side last and final support exit 16577, thereafter big fall in near term and may wipe out 1000 point easily.

CNX IT: Trend Decider of this week are 5953

Almost broken major support level and more down side further. Today resistance are 5850, down side support are 5750 and below

BANK NIFTY: Trend Decider of this week are 8875.Financial barometer of the Indian Stock Market and Industry too. After a sharp rally significant resistance are facing at 9300-9350 and unable to cross starting down ward journey.

Today resistance are 8875, below 8650 target are 8551-8500 also watch out.

GLOBAL MARKET

DOW : The Dow closed sharply lower for the third day in a row on Friday due to concerns about proposed changes in US Banking regulations. The sell off on US market was accompanied by a faint touch of panic as traders rushed to unwind positions are the long awaited correction finally rolled out. The low range close sets the stage for a steady to lower opening on Monday. Over all index has breached its medium term trend line and long term moving average implies that the current volatility likely continue in the global market. Now we may consider first resistance are 10564 -10590, down side support are 10157-10100, break down of this range decisively with volume dow can decline further up to 9678.