Nifty Future: The Nifty is likely to open gap down on the back of weak global cues. It is likely to trade in the range of 8500-8582. Sell Nifty in the range of 8562-8567 for targets of 8530-8510 and stoploss at 8582.

Bank Nifty: The index has breached the intermediate support levels of 18500 with further addition of short positions. Today we may see huge volatility on the back of the Delhi election result. Sell Bank Nifty in the range of 18600-18640 with targets at 18520-18400 and stoposs at 18690.