NEW DELHI: Domestic equity indices are likely to open on a cautious note on Monday ahead of the release of third quarter GDP numbers later in the day. The domestic market will have to choose its own path as a host of markets, including China Vietnam and Singapore, would be shut for the day on account of the Lunar New Year, while the New Zealand market would be closed on account of Waitangi Day.At 8 am, Nifty50 futures on the Singapore Stock Exchange were trading 29.50 points lower at 7,477.50, indicating a gap-down opening for the domestic market.The Nifty50 lost 0.98 per cent, while the BSE Sensex shed 1 per cent in the previous week. Experts believe the NSE benchmark could face tough resistance in the 7,580-7,620 range. Strong support is seen around the 7,350 level, experts said. Last week's close near 7,500 (on the Nifty50) looks healthy as per the daily as well as weekly chart patterns. But the index still needs to move past 7,620 in the coming few sessions in order to trigger a larger upward move in the near term. Support now is expected to be strong near 7,350, which was the new low seen during the week," said Siddhartha Khemka, Head - Research, Centrum Wealth.Mitesh Thacker, Technical Analyst at miteshthacker.com, said, "The next port of call should be close to the 7,580 level on the Nifty50. The 7,580-7,600 levels will present its own set of challenges for investors who are trading with a short-term bias."RBI in its recent money policy review said economic activity had lost momentum during Q3 of FY2016 but retained its GDP growth target for FY2016 at 7.4 per cent, with a downward bias.Rating agency India Ratings expect the Q3FY16 GDP growth to come in at 7.6 per cent. "Growth is likely to get support from a favourable base effect, as GDP in 3QFY15 grew by 6.6 per cent.Also, domestic demand witnessed during the festival season is expected to support growth in the 3QFY16, even as global headwinds have had an adverse impact on manufacturing and exports," the rating agency said in a note.In the US, the S&P 500 index closed 1.81 per cent lower on Friday led by a massive selloff in the technology stocks after a weak forecast by major IT-related companies, including LinkedIn. Jobs data too came in mixed, which could put the US Fed in a bind when in reviews it money policy in the coming months.While the unemployment rate in the US fell to 4.9 per cent in January compared with 5 per cent in December, data by Bureau of Labor Statistics showed non-farm payrolls rose 1,51,000 in January against 2,62,000 in December.Stock-specific action is likely to rise amid December quarter earnings. Atul Auto, Balrampur Chini, IPCA Labs, INOX Wind, JK Tyre and SRF, among others, would disclose their quarterly numbers on Monday.