According to Angel Broking's Market Outlook report, if NIFTY trades lower than 3583 during the first half-an-hour of trade, then there are chances that it may correct up to 3506 -3457.

The trend determining level for the day stood at 3583 / 11777.

If NIFTY trades higher than the said level in the first half-an-hour of trade, then investors may see a further rally up to 3632/11933.

But, if NIFTY trades below 3583 / 11777 during the first half-an-hour of trade, it may see correction up to 3506 -3457 / 11527 – 11372.

Alex Mathew, head, research centre, Geojit BNP Paribas Financial Services said that Nifty has the major support at 3,510 and 3,485 levels.

He advised investors to follow up a cautious approach as the major technical indicators are showing weakness.