The vulnerability of Nifty around the support zone of 10,480-10,500 level is a cause of worry.
Levels of 10,570 and 10,635 will act as immediate resistance area for Nifty on Wednesday.
Nifty is likely to see the 10,565 and 10,630 levels playing out as immediate resistance area on Monday.
The two weeks that have gone by have seen Nifty shave off 614 odd points.
The levels of 10,635 and 10,680 will play out as immediate resistance levels for Nifty.
The levels of 10,590 and 10,630 will play out as immediate resistance area for the market.
Going into trade on Wednesday, we can still expect some modest negativity in the initial trade.
Pullback, which began from Monday's lows to continue. Supports exist at 10,610-10,550 zones.
Going into trade today, we expect a modestly negative and volatile start to the session.
The Midcap index fell 4 to 6 per cent, and the Smallcap index as much as 10.63 per cent.
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