Trade Setup: Nifty showing clear signs of broad-ranged consolidation; remain cautious SECTIONS Share Synopsis Friday’s session was important from a technical perspective as the index confirmed the level of 14,653 as an intermediate top for the immediate near-term. Getty Images Monday's session is likely to have a soft start to the day. The levels of 14,470 and 14,535 will act as resistance points, while support will come in at 14,380 and 14,300 levels. After demonstrating near-vertical rallies over the past couple of days, the domestic equity market finally showed some signs of broad consolidation on Friday. Headline index Nifty opened on a modestly positive note on Friday but soon slipped into the negative territory after spending a few initial minutes in the green. The market traded with limited losses in a capped range until the most part of the day. However, selling pressure intensified in the last hour-and-a-half of the session. Following a modest recovery, Nifty ended the day with a net loss of 161.90 points or 1.11 per cent.