Nifty Likely to open down by around 5% follow what the global peers

Nifty Yesterday Close 9859.9. Nifty Likely to open down by around 5% follow what the global peers did on over extended last weekend. SGX Nifty trading around 9360 gives a 500 point Gap down possibility while should we be holding the downsides has to be seen.

Critical resistances at 9760 & 9958 while supports lies at 9359 & 9118.

Watch out for these stocks for today based on OI & our proprietary model on bounceback TECHM, Reliance, HUL, Britannia while BajFinance, PVR, Escorts may come under pressure on downsides.