The S&P 500 and the Dow posted minimal losses while the Nasdaq ended nominally higher. All three were held in check by the highest benchmark U.S. Treasury yields since November in the wake of Friday s blowout employment report.
"Nifty is anticipated to undergo further consolidation in the upcoming sessions, encountering resistance around the 22,700-22,800 levels should it achieve a robust close above 22,600. Conversely, support is expected around the 22,400-22,300 range," said Arvinder Singh Nanda, Senior Vice President of Master Capital.