Markets bounced back after Wednesday’s drubbing and closed near the days high tracking firm Asian peers and buying interest in oil & gas shares. The S&P CNX Nifty ended at 5412.35, up by 63.40 points or 1.19 %.

The Nifty futures closed and settled finally at 5412.55, up by 63.10 points or 1.18 %. It is looking bearish in the coming trading session if it manages to trade support  level of 5350 else above resistance level of 5420 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5420 & above this level the next resistance is seen near the 5530 mark.

SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5300 mark.