Markets erased morning gains after selling pressure emerged in metal and realty shares. The Nifty, after opening firm on global cues, slipped to a low of 5140.55. The index finally ended with a loss of -20.50 points at 5148.35.

Nifty Futures shut stop at 5150 down by -41.75 points or -0.80 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5080 else above resistance level of 5250 it would be in an upward trend.

Resistance - 5360, 5250

support - 5080, 4970

The stock has strongly managed to follow an up rally after a short phase of consolidation where it rested after a huge buying in the stock. It has shown good strength by trading with the positive biasness from the last many trading sessions. It is expected to remain bullish in the near term.

R - 403

S - 376