Major support exists at 5,387:
``Major stock indices in the US ended the Friday`s trading session on a weaker note as mixed readings on Consumer prices and Retails sales prompted some late selling in the markets. Stock averages in Asia are trading mostly negative on Monday morning. The Indian stock markets are expected to open modestly lower, following weak cues across Asia. The NSE Nifty is expected to open above its Critical level of 5,436 and if it consistently maintains above this mark, may move towards the first target at 5,458. If the monthly inflation number, due today and global cues are supportive; Nifty may move towards its higher resistance at 5,485. However, a dip below critical is expected to intensify the selling pressure. First support for the day comes at 5,418. Lower to this, major support exists at 5,387,`` said the brokerage house JRG Securities.
``In India, The NSE Nifty is expected to start in a narrow range and will try to target 6,022 in the morning. The market is likely to consolidate around this level, wherein if sustain above this level, more positive momentum is expected which may take it towards the major resistance at 6,055. The critical support level for today is at 5,976 below which the sentiment is expected to favour the bears. Lower to this, supports for the day are seen at 5,952 followed by major support at 5,928,`` said the brokerage house JRG Securities.