Nifty future as expected saw a sharp fall below 5820 levels and closed near 5778 levels. Nifty future will face resistance at 5860 and 5920 levels. We recommend selling on higher levels till it closes below 5920 levels.support for nifty future is at 5700/5670 levels and has resistance at 5860/5920 levels.Overall sentiment is still weak and trend remains down and we strongly advise selling on higher sides but this time movement needs to be monitored above 5860.

Resistance: It has first resistance close to the level of 5850 & after it may face the next resistance close to the level of 5930.

Support: It has first support close to the level of 5710 & after it may get the next support close to the level of 5650.

Bank nifty future as expected saw a sharp fall below 11750 levels and closed near near 11718 levels. Bank nifty future will face resistance at 11950 and 12100 levels. We recommend selling on higher levels till it closes below 12100 levels. Support for bank nifty future is at 11440/11225 levels and has resistance at 11950/12100 levels.We still advise SELL on gains for the time being.

Resistance- It has first resistance close to the level of 11958 & after it may face the next resistance close to the level of 12185.

Support: It has first support close to the level of 11471 & after it may get the next support close to the level of 11212.

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