Stock markets in the US finished lower on Thursday as Traders and Investors were dismayed by a jump in weekly Jobless claims and weak comparable Store sales growth by major US retailers. All key stock gauges in Asia are trading lower on Friday morning.
Back home, markets are expected to open with modest losses following weak sentiment in Asia. For The NSE Nifty, Critical level for maintaining the positive momentum is 5434. If it manages to stabilize above this mark, we may expect slow consolidation wherein the index can Target towards its first Resistance at 5455. Higher to this, strong Resistance is seen around the 5478 level. However, if Nifty breaks below Critical, we can witness further downside towards the first Support at 5412. Major Support for today comes at 5388.