Domestic equity markets got off to a negative start to F&O expiry week, amid trade war concerns. The Nifty lost 0.6 percent to close at 10,753 on Monday.
The market breadth was in favour of declines with two share declining for every one gaining. After Friday’s rally, the market failed to show follow through action on the upside.
The index has been facing resistance at the falling resistance trend line connecting the highs of 11,172 and 10,929 levels. It faces resistance at 10,835-10,860 levels and needs to clear this hurdle which will confirm strength on the upside. On the downside, 10,700 levels is now critical support level from where buying emerged last week.
Read more--Stocks update
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