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Sensex closed 285 points, or 0.69 percent, lower at 40,913.82, while Nifty settled with a loss of 94 points, or 0.77 percent, down at 12,035.80.
According to the pivot charts, the key support level is placed at 11,980.83, followed by 11,925.87. If the index starts moving upward, key resistance levels to watch out for are 12,120.53 and 12,205.27.
The Nifty Bank index closed at 30,647.40, down 0.74 percent. The important pivot level, which will act as crucial support for the index, is placed at 30,475.97, followed by 30,304.54. On the upside, key resistance levels are placed at 30,864.17 and 31,080.93.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
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