Nifty Levels for August 26th: http://goo.gl/PlTk
Click here >> LIVE NIFTY CHART
Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450/5420/5380 levels. Below 5380 we may expect further downside to 5350-5250 levels . 5540 is important resistance area on the upside.
Bank nifty future has 
closed near the days low at 10947.10 and one may expect further downside up to 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200. So one may go for sell on rise strategy in it until it closes above 11200 levels.
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