US inflation data and USFed's interest rate decision coming on Wednesday which means market may be indecisive till then.
FIIs continue to hold net Short positions in Index Futures.
Maruti witnessed good buying activity while Adaniports and BAJAJFINSV witnessed selling in last 15 minutes yesterday which is expected to continue today.
Profit booking and lack of new money coming into the market might push the Nifty further down. However, for real time situational awareness, track your chart with Option Scalper.