Resistance level looms large

Technicals

 The indices lost approximately 0.5 per cent at close and the traded volumes were higher than the 10 day average.

 The market breadth was positive for a change as the BSE & NSE combined figures were 1374:1121. The capitalisation of the breadth shows a negative picture as the figures were Rs 3,527 crore: Rs 5,222 crore.

 This indicates a selling on the index heavy-weights and retail buying on the