The global cues may dominate this week along with April month F&O expiry and Q4 earnings, Meena noted.
“Global cues are largely dictating the trend at present as the beginning of the earnings season has failed to impress the street so far.
On the index front, the Nifty must defend 16,800 levels for any meaningful recovery else the tone would turn more bearish.
“Global cues like hawkish Fed commentary, rising inflation and bond yields, slowing economic growth, prolonged war in Ukraine and volatile crude prices are keeping markets uncertain.