Nifty Futures shut stop at 5223.35 down by 111.25 points or 2.18 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5250 else below support level of 5100 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5250 & above this level the next resistance is seen near the 5360 mark.

SUPPORT: It has first support close to the level of 5100 & below this level the next support is seen near 5030 mark.

Buy on United Phosphorus above 152 with a price target of Rs 205 in its medium term trading.

Buy on Glenmark Pharmaceutical above 304 with a price target of Rs 414 in its long term trading.

Buy on Bhushan Steel with a price target of Rs 422 as against the current market price (CMP) of Rs 350 for 2 to 3 months.

Buy on Taj GVK Hotels with a price target of Rs 80 as against the current market price (CMP) of Rs 74.