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58,200 may act as intraday support level
Sensex falls 1,170 points; oil stocks down
Reliance Ind shares nosedive as mkts under bear grip
M-cap worst hit down by Rs 1.47 lakh cr
Possible inability of conglomerates to face disruption reflected in market discomfort
Weak short-term formation may continue
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Subdued listing of Paytm weighs on sentiment
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60,400 may act as immediate resistance level
Further fall on bourses for 2nd day on late profit booking
Level-based trading is ideal for day traders
