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The Nifty ended the previous session 0.52 percent lower at 10,633.30. It opened flat and touched an intraday high of 10,717, before falling below its early-morning low, amid weak global cues.
The index failed to sustain above 10,700 for the second consecutive session, ending the session with a bearish Marubzu candle closer to its day’s low of 10,616.10.
Selling pressure may take the benchmark index below its 30-day exponential moving average placed at 10,600, and may test its downside support levels placed at 10,560 and 10,500.
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