A dragon is moved along during the parade to mark Chinese New Year, the Year of the Dog, in Chinatown district in London, yesterday. Pic/AP/PTI

Nifty on Friday closed negatively at 10.452 due to heavy sell-off in banking sector stocks. Technically Nifty may face more selling in the days to come, because most sectors are weak due to negative news. So it is prudent to stay on the sidelines or accumulate stocks with strong fundamentals at declines in a phased manner. Nifty has support at 10,278 and has resistance at 10,523 and 10,761. Banking sector is the weakest among the various other sector indices.