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The Nifty ended Monday 0.55 percent lower at 10,762.45. It opened on a stronger note above the 10,800 mark, fell from its high of 10,831, before ending the session in the red.
Ending the session below 10,780 may again initiate a downward wave towards dual supports placed around 10,700 and 10,670 levels. Hence, cautious trading is advised. Broader patterns suggest the benchmark index may continue oscillating in the narrowing price band and find an escape route.
Downside pivotal supports are placed around 10,700 and 10,670 levels. On the upside, major resistances are placed around 10,830 and 10,860 levels.
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