Bears gained power over buying and selling action on Tuesday. Growth of existing pessimistic response on Wednesday is likely to append other stocks in their favor.

But, upbeat response on Wednesday is expected to modify the current sentiment.

Vishwas Agarwal, a technical analyst said that the market is demoralized due to the worldwide markets situation together with domestic political insecurity. Investors and traders are troubled and standing back from the market.

Further Mr. Agarwal said that NSE Nifty 3,976 is vital stop loss level to watch out for. Investors should follow up the performance of RIL and SBI to settle on the market trend.