GIFT Nifty down 40 points; here's the trading setup for today's session

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Key Points

"Going forward, the pace of decline would remain gradual citing the resilience of select heavyweights across sectors..

GIFT Nifty on the NSE IX traded lower by 44 points, or 0.20 per cent, at 22,052.50, signaling that Dalal Street was headed for negative start on Monday.. Tech View: Technically, the short term and the near-term trend of Nifty appears weak and a decisive move below 21900 could open sharp weakness down to the next lower support of 21500 levels in the near term, according to Nagaraj Shetti of HDFC Securities.India.

U.S. stocks fell on Friday, led by technology-related megacaps that have propelled this year's rally, while investors weighed the interest rate outlook ahead of next week's Federal Reserve meeting...

Asian shares idled and the dollar held firm on Monday as investors looked to navigate a minefield of central bank meetings this week that could see the end of free money in Japan and perhaps a slower glide path for U.S. rate cuts...

The rupee declined 2 paise to close at 82.86 against the US dollar on Friday, weighed down by unabated foreign fund outflows and a negative trend in domestic equities...

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