Following yesterday's breakdown, a break of Monday's low the markets are now likely to remain downward bias for the rest of the week. The 15,370 level on the Sensex is now a short-term resistance for the rest of the week.
On the downside, the index may retest yesterday's low or even breach it in next two days.
Today, the index is likely to face resistance around 15,360-15,480, and find support around 14,985-14,870.
The Nifty is likely to face resistance around 4,570-4,610, and find support around 4,455-4,420.