The 50-share NSE Nifty started out below the 5400 stage on Friday as international markets decreased on concern over Greece's upcoming with European countries region and reducing of wants Fed stimulus. But the Nifty was trying difficult to get back above the same level.

The BSE benchmark dropped 51.1 points to 17,798.82 and the NSE benchmark missing 23.20 points to 5,392.22.


Reliance Industries, Infosys, JP Associates, Reliance Infrastructure, Tata Motors, Sterlite, Tata Steel, Sesa Goa, SBI, Bank of Baroda, Axis Bank, L&T, Ambuja Cements and HDFC were under pressure.

BSE index : -  Buy or stay long considering 17792 a closest & 17764-17744 a strong assistance maintaining stop-loss of 17704. Upwards part it'll spurt up to 18006 & thereafter to 18080 & 18131.
Downward part crack below 17703 it'll convert poor & drop down to 17612 & 17501.

Bank Nifty AUG Futures : -  Sell considering 10543 a solid resistance keeping stop loss of 10591. Downward side 10412 & 10391 crucial supports to watch out for. Break below 10391 it'll turn weak & fall down to 10341, 10282 & 10187.
Upward side crossover above 10592 it'll rush up to 10634 initially. Crossover above 10634 it'll sustain on higher levels & flare up to 10687 & 10745.

PNB :  -  Sell considering 721 a solid resistance keeping stop loss of 725. Downward side it'll fall down to 699.30 & 692.

ICICI Bank : -   Sell on higher levels considering 982 & 987 solid resistances keeping stop loss of 991. Downward side it'll fall down to 956. Upward side crossover above 991 it'll spurt up to 1002 & 1007.

RPOWER : -  Sell considering 86 a solid resistance keeping stop loss of 88. Downward side it'll fall down to 81.40, 78.40 & 73.