NIFTY FUTURES (F & O):
Above 5348 level, expect short covering up to 5352-5354 zone and thereafter expect a jump up to 5363-5365 zone by non-stop.
Support at 5315-5317 zone & 5320 level. Below these levels, selling may continue up to 5313 level and thereafter slide may continue up to 5303-5305 zone by non-stop.
Below 5300-5302 zone, expect panic up to 5288-5290 zone by non-stop.
On Positive Side, cross above 5367-5369 zone can take it up to 5378-5380 zone by non-stop. Supply expected at around this zone and have caution.
Short-Term Investors:
Bearish Trend.
Down Side Target at 5225.30.
Stop Loss at 5388.90.