Markets may open with a negative note and likely to trade sideways to positive. SENSEX (16918) Resistance 16968/17009/17050.

Support 16829/16774. NIFTY (5128) Resistance 5144/5150/5180. Support 5103/5082. BUY MAHINDRA LIFESPACE DEV LTD above 324.7 TGT 326/329/339 S/L 309. BUY LUPIN LTD above 585.40 TGT 587/593 S/L 578. BUY ING VYSYA BANK LTD above 387.75 TGT 391/397/401 S/L 375. SELL JINDAL STEEL & POWER LTD below 414.75 TGT 412/408/403 S/L 424. DERIVATIVE STRATEGIES BUY ONGC FUTURES @ 281 TGT 291 S/L 277. SELL TATA MOTORS FUTURES @ 218 TGT 207 S/L 219.5. OPTION STRATEGIES BUY NIFTY 5100 PUT AT 13/- (HOLDING PERIOD 1 DAY) MARKET OUTLOOK FOR THE DAY The US Markets closed lower. The Asian markets were also trading lower. Currency Intraday Levels: USD/INR EUR/INR JPY/INR GBP/INR Resistance Resistance Resistance Resistance 56.50 / 56.70 Support 56.10 / 55.85 trend UP. 68.30/68.60 Support 67.85/67.55 trend SIDEWAYS. 71.25 / 71.60 Support 71.70 / 71.45 trend UP. 87.50 / 87.80 Support 87 / 86.75 trend UP.

Commodity Intraday Levels: GOLD MCX(Aug) Resistance 29820/29900 Support 29570/29450 trend UP. SILVER MCX(Sep) Resistance 53200/53450 Support 52750/52500 trend UP. COPPER MCX (Aug) Resistance 423/426 Support 418/415 trend SIDEWAYS. BUY CRUDE MCX(Aug) in the RANGE 4985-4965 TGT 5020/5050 S/L 4940.