Nifty Future:

Market is overbought and could correct today. 5215 will be stiff level to penetrate. On downside, 5115 could act as support and failure to hold this level, will drag the index to 5075

VAH – 5206.95       POC – 5187.00     VAL – 5187.00

Stock Future:

Infy and TCS could buck the downtrend, as both have seen good buying last week. And this two stocks can give support to the market.

Banking stocks are looking tired.. particularly BOB and PNB.. And Axis and ICICI have closed at Gann Resistance levels. SBI trading below 2000, will add pressure to Market.

Happy Trading

C T Ramesh Raja