Traders are advised to avoid long positions. On the downside, 17,878- 17,792 / 5,376 - 5,348 levels may act as support for the day. (Sensex, Nifty Spot levels mentioned). In case of the Bank Nifty Futures, it is observed that the counter has a support at the levels of 10,500. A temporary bounce up to 10,780 or 10,865 may be witnessed. It is expected that selling pressure to emerge at these levels as the daily trend continues to be downward. A close below 10,500, may lead to a further fall up to 10,263 / 10,170 levels.
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