Today is probably the first day of a meaningful correction after five or six or seven days of rally that we have seen and the broader markets have performed well as well. All Market were down today. As FIIs pared their holdings following depreciation of rupee to one-year low, equity benchmarks fell face down Today. Nifty Futures was looking bullish after the great recovery of last some trading sessions, buy today it was also down. Nifty Futures tumbled 112.00 points or 2.17% and sattal at 5,043.00.
Technically it is looking bearish in the coming trading session if it manages to trade below the Support level of 4,960 else above the Resistance level of 5120 it would be bullish. 

Technical Levels in Nifty Futures for Monday:

Resistance  :  R1  :  5120,  R2  :  5190.
Support        :  S1  :  4960,  S2  :  4890.

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