We see nifty  opening with flat to slight negative opening. In our view it will face lot of resistance at 6130 & may begin the process of slow decline till 2.00 p.m. In the last closing hour we see the actual collapse & may see the support coming only at 6040 level or still lower. The worst performing sectors will be software ,banking & auto.All the nifty levels correspond to cash nifty.

(1)Sell Bank nifty future at 12490 with the stop of 12560 for the target of 12330 or lower. All prices are future prices.

(2)Sell BHARATFORG at 378 with the stop of 385 for the target of 365 & 355.All prices pertain to future prices.

3)BUY CRUDEOIL AT 82.00 $ WITH THE STOP OF 80.00$ FOR THE TARGET OF 87.50$.