Nifty Future:

Market may witness high volatility due to Food Security Bill passed in parliament, which will further exert further pressure on Current Account deficit. Due to this, both Stock market and INR may witness wild Gyration in today’s trade.

For today’s trading, Nifty should take support around 5395 and close below 5390 in 30MTF, will face huge selling pressure and can bring down the index to 5310 – 5250. On upside, it can resist around 5495 and above 5514, further targets will be opened.

In Individual stocks, ICICI Bank may face pressure and can come down to 810 level and M&M will find support at 784.

Good Luck !!