A morning walk down Dalal Street | Nifty likely to remain volatile with downside target around 10,460

Bears have taken over D-Street as equity benchmarks continued to fall for another consecutive session, as concerns over global growth weighed big.

Asian markets took a beating amid fears of a slowdown in developed economies such as China. 

The Sensex saw a fall of over 270 points on Monday, while the Nifty managed to break 10,700-mark as well.

Technical experts said that the index has decisively breached its 200-day moving average (10,767) strengthening the bearish sentiments further and dissipating the hopes of a bigger pull back beyond 11,000 kind of levels. 

On the downsides initial target appears to be around 10,460 and a failure to find support around these levels shall threaten the recent lows of 10,333, they added.