On November 21, It's been a scary start to the week with the indices suffering deep gashes. The broader markets lead the fall and the global markets too did nothing to help. From a peak at the 5,600 level last week, the Nifty tumbled all the way below the 5,300 today losing over 148 points. Indian equities underperformed global peers today. The Sensex fell 477.82 points or 2.67%, to close at 17,445.75 led by selling in 28 stocks.

Nifty Futures shut stop at 5327.10 down by -160.35 points or -2.92 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5480 else below support level of 5300 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5480 & above this level the next resistance is seen near the 5570 mark.

SUPPORT: It has first support close to the level of 5300 & below this level the next support is seen near 5230 mark.