Top buy and sell ideas by Ashwani Gujral, Mitesh Thakkar, Prakash Gaba for short term

Market benchmarks fell for the fifth consecutive session on February 27 as investors continued selling riskier equities as concerns over coronavirus outbreak impacting global economic growth refused to fade away. Sensex shut shop at 39,745.66, down 143 points or 0.36 percent, while Nifty ended at 11,633.30 with a loss of 45 points or 0.39 percent.

The market will continue to react to news around coronavirus in the near-term while Q3 GDP numbers will also be on investors' radar, said experts.

According to the pivot charts, the key support level is placed at 11,558.73, followed by 11,484.17. If the index starts moving upward, key resistance levels to watch out for are 11,685.83 and 11,738.37.

The Nifty Bank index closed at 30,187, down 0.40 percent. The important pivot level, which will act as crucial support for the index, is placed at 29,976.83, followed by 29,766.67. On the upside, key resistance levels are placed at 30,334.54 and 30,482.07.