The outlook for the day is a positive start as the SGX Nifty at the time of writing is seen trading higher by 57 points at 10,671 and we are of the opinion that Nifty, after scoring a half century in the opening bell, would gun for a tonne during the day if the global cues continue to remain favourable. Market participants will also keep an eye on the GST cCouncil meeting which will be held today. 

In the coming session, the level 10,620 would be an immediate support and it would be important for the index to keep its head above this support level to witness any pull-back, which remains much overdue. Stocks in news: Power Grid, Cyient, Grasim Industries, CIPLA, Future Consumer and Wipro.

The outlook for the day is a cautious start as the SGX Nifty is seen hovering around the neutral line at the time of writing. The mood on Dalal Street looks nervous and edgy as geopolitical concerns are seen as key impetus keeping the market participants on the backfoot. 

Going ahead, a positive follow-through above the Friday’s session high of 10,786 can lead to pull-back towards the level of 10,860 as the important 200-day moving average is placed at this level. On the flip side, the zone of 10,620-10,580 would be the key area to watch out for. Stocks in news: Signet Industries, Dr Reddy’s Laboratories, Tech Mahindra, NBCC, Coffee Day Enterprises, TRF and Wipro.

The set-up for the Indian stock markets to begin the week is perfect as cues from the global peers are cheerful and bulls cannot hope for a better pitch than today to come out and take on the bears with their horns after the hammering they received last week. The outlook for the day is a flat start at the time of writing, SGX Nifty is trading around 10,799, up by 24 points. 

In the coming session, all eyes will be on the key support zone of 10,690-10,700 as it is the confluence of 78.6 per cent retracement of the recent upmove and the 100-day moving average. Any major slip below this zone is likely to infuse some more pain in the near term. Stocks in news: GMR Infrastructure, Tera Software, PNC Infratech, Infosys, BGR Energy System, Tata Power and Jet Airways.

Investors mauled by the market fall have to get ready for some more battering. The ongoing weakness in the markets is likely to continue at-least at the start of the day as the vibes from Asian peers are negative and the SGX Nifty in early action is indicating a dull opening for the Indian markets. At the time of writing, SGX Nifty is trading around the 10,792 mark. 

It is important for the index to sustain above the 10,770 mark, but any weakness below this important support may push Nifty towards its 100-day moving average which is placed at 10,704. Stocks in news: Godrej Industries, HIL, Tata Power, Trident, Yes Bank and ABB India.

The cautious cues from Asian peers and the SGX Nifty in early action is indicating a subdued opening for the Indian markets. Markets may see a seesaw around the breakeven line in the early part of the trading session and then turn volatile as the day progresses. At the time of writing, SGX Nifty is trading 33 points lower at 10,770 mark. The market participants will be looking forward to the release of wholesale price index (WPI) inflation data for January due today. Also, drawing investors’ attention in today’s trading would be the earnings of Voltas, UBL, KSCL, ONGC, Page Industries, IFCI, Ashok Leyland and Jet Airways. 

Immediate support is seen around the level of 10,816, which is the 50-day moving average and holding above this level would be extremely important. Stocks in news: L&T Technology Services, Zenith Birla and Alembic Pharmaceuticals.