Nifty is weak below 16400

Nifty looks weak with resistance around 16300 & 16400 and support around 15700 & 15000. Short sell is preferable. Also, the Nifty bank looks weak with resistance around 34700 & 35000 and support around 32700.

Nifty and bank nifty both are weak with respect to weekly and monthly charts.

1. Maruti : it shows bullishness in weekly chart. Support level 7800 stop loss 7560 target 8200 and 8400.
2. Mindtree : it is oversold in the weekly chart. Support level 2850 stop loss 2650 target 3500/3600. It is an investment.
3. Navin fluorine : it looks weak in wkly chart. Resistance level 3720 stop loss 3900 target 3370.
4. Persistence : it is weak in weekly chart. Resistance 3640/3650 stop loss 4000 target 2800.
5. Polycap : it is weak in weekly chart resistance 2400 stop loss 2570 target 2200…..1900.
6. SBI life buy support level 1140 stop loss 1110 target 1185
7. Suntv Short sell
8. TATAcom investment buy support 890 target 1100
9.  L&t fin looks weak prefer short sell around 75 stop loss 79 target 70.
10. Divis lab is trading in weekly oversold zone support level 3450 stop loss 3350 target 3700 & 3800.
11. Gujgas  ltd: looks weak in weekly chart  with resistance 520 stop loss 580 target 400 and 350.
12. HDFC life: it is qly weak and weekly overbought resistance 600 stop loss 615 target 580/560.