Negative global cues took their toll on the markets today with both benchmark indices closing with about 1% losses. Primarily, it was capital goods that pulled the indices down and banking and metal also played their part in the negativity. Other sectors that closed with substantial losses include healthcare and FMCG. Consumer durables and auto closed with moderate gains. The Sensex closed at 16745, down 188 points from its previous close, and the Nifty shut shop at 5032, down 52 points. The CNX Midcap index closed with 0.2% loss while the BSE Smallcap index was down 0.02% in today's trade. The market breadth was negative with advances at 626 against declines of 798 on the NSE.

 Chart wise
we have a support turned resistance at 5044 and a double bottom support wt divergence on rsi and stoch at 5022.