Technical Analysis on Indian Equity Market

The S&P BSE Sensex started on a cautious note on Tuesday, ahead of Reserve Bank of India's monetary policy review due later in the day. The fall in the index was led by losses in Infosys, ICICI Bank, HDFC Bank, M&M and Bajaj Auto. 

Tracking the momentum, the 50-share Nifty index also came under pressure and slipped below its crucial psychological support level of 8550, weighed down by losses in consumer durable, banks, IT and realty stocks. 

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