Nifty is at 5189. Technically the market is still weak with 4240-50 being a strong resistance zone and 5135 being the outer range, the market unfolded as expected taking care to respect the 5240 mark and closing in the red. Technically no sign of strength is seen on the chares as yet and the market can be considered as down unless it closes above 5230. Incidentally the low of the day was hot like a dot.

The crucial support for the Nifty is at 5180-5135-5117 and the resistance is at 5330-5380.

Buy TCS above 1195, Targets: 1206-1217, Stoploss: 1180.

Buy HCL Tech above 502, Targets: 506.50-511, Stoploss: 495.50.

Buy IDBI Bank above 104.70, Targets: 105.30-106.10, Stoploss: 103.