The Sensex after breaching the 16,000-mark in opening trades, declined over 300 points from the day's high and found support around 15,700.
Yesterday, it was mentioned that the index may face selling pressure at 16,200, or consolidate in the band of 16,000-15,700. It seems that the index is likely to consolidate in the same above mentioned band for yet another day.
Today, the index is likely to face resistance around 15,950-16,020, while find support around 15,715-15,640.
The NSE Nifty is likely to face resistance around 4,715-4,735, while find support around 4,645-4,625.
