The start of the new week seems horrible for the market, with both the Nifty and the Sensex plunging 1 percent in opening trade. While the Sensex is down 160 points to trade below 16000 levels, the Nifty is well below its psychological levels of 4810 in early trade at 4787 levels as concerns about the US economy and slowdown in China add to ongoing problems in Europe. Domestic problems have only got compounded with the dismal GDP report.


BSE index: Consider for this week..Sell considering 16082 & 16131-16181 solid resistances keeping stop loss of 16274. Downward side it'll fall down further to 15892 & 15845-15774 initially. A close below 15776 it'll heavily crash down to 15622 & 15341.
Nifty June Future: Consider for this week...Sell considering 4861-4881 & 4901 solid resistances keeping stop loss of 4924. Downward side it'll fall down further to 4794 & 4750-4742 initially. A close below 4741 it'll heavily crash down to 4663.

Bank Nifty June Future: Consider for this week..Sell considering 9274 & 9360 solid resistances keeping stop loss of 9442. Downward side it'll fall down further to 9145, 9067 & 9000-8930 initially. In worst scenario a close below 8930 it'll heavily crash down to 8822, 8751 & 8551.
Upward side crossover above 9443 it'll surge up to 9557 & 9623 in a disguised manner.

TTK PRESTIGE: Sell considering 2772 & 2797 solid resistances keeping stop loss of 2846. Downward side it'll fall down to 2630 & 2470.
Upward side crossover above 2846 it'll surge up to 2890 & 2945 in a disguised manner, keep stop loss of 3063 & go short again on higher levels.