Indian shares are likely to open on a cautious note on Monday following mixed trades in global markets and concerns about the economic slowdown. However, positive development on the US-China trade deal may support equities. November trade data showed that exports were marginally down to $25.98 billion, while imports declined over 12 percent. At 7:06 am, the SGX Nifty was trading 0.10 percent lower at 12,137, pointing to a tepid start for the Sensex and Nifty50.Stocks To Watch Out: RIL, UPL, PNB, Reliance Capital, Adani Transmission in focus