Short week

This week we do have only three trading days. So the global cues may influence more on Indian markets. Asian markets has ended lower but Europe and US markets Trading Higher at this point. As of Now 4900 acting as a good support going forward. So don't expect any panic kind of selling unless this level holds on down side.

But RSI on Bank Nifty staying 90%+ . so be careful on Bank Nifty and personally i expect some correction in Bank Nifty.

Levels for this week:

4820 - 4886 - 4904 - 4932 - 4960 - 5016 - 5047 - 5132