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Benchmark share indices ended nearly 2% down on Monday, amid weak cues from Asia and Europe, with index heavyweight Infosys leading the decline amid reports that the company is under scrutiny from the US Department of Homeland Security (DHS) for likely errors in employer eligibility documents of its staff working in the United States.
Nifty Futures shut stop at 5198.60 down 103.40 points or -1.95 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5180 else above resistance level of 5320 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5320 & above this level the next resistance is seen near the 5370 mark.
SUPPORT: It has first support close to the level of 5180 & below this level the next support is seen near 5130 mark.