Support for the day is at 5000 and 4971 for Nifty.
We may see a bounce back from these levels as the short term indicators are showing a over sold pattern.The overall view for the market is negative.
Pantaloon got support at 162.More buying can be expected.
India's 10 year bond yield dropped to 8.77% after the RBI announced that it would buy back Government securities to boost liquidity in the system.
