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The Nifty50 is likely to open flat on Monday tracking mixed trend seen in other Asian markets. The Nifty closed 121 points lower at 10,454 on Friday.
According to Pivot charts, the key support level is placed at 10,408.73, followed by 10,362.47. If the index starts to move higher, key resistance levels to watch out are 10,490.73 and 10,526.47.
The Nifty Bank closed at 25,463.65, down 1.76 percent. Important Pivot level, which will act as crucial support, is placed at 25,357.03, followed by 25,250.37. On the upside, key resistance levels are 25,584.33, followed by 25,704.97.
US stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead.
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