Selling was seen even in topline stocks, indicating that buyers are a bit cautious.
On October 17, the market had a strong opening backed by positive cues from foreign markets. However, it was not able to sustain at those levels.
"Unless and until we move past October 17 high, we expect a target of 10,800 on the Nifty," says Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
However, if 10,525 is broken, which is the October 16 low, we can expect further selling in the market, she added.