Nifty Future:

From the chart pattern and analysis, it appears Nifty soon will crash by 350 to 450 points. Trade cautiously on longside of the market.

Today its an event based and market will move depending on RBI’s Credit Policy.

Resistance around 5916 and crossover of 5929,  will move to 5995 – 6010

Support around 5875 and breaking 5869, will move down to 5825 – 5778

Stock Future:

Short M&M below 898.85 with Stop at 908.50. TGT 882 – 864