The level of 10,805 would be a crucial resistance level for the index as the 200-day moving average is placed around this level. Stocks in news: United Spirits, Jet Airways, Vakrangee, Punj Lloyd and Wendt (India).

In the coming session, the 100-day moving average, which is placed around the level of 10,856, is likely to act as an immediate resistance, followed by 10,900. On the downside, the level of 10,730 is likely to act as a support for the index and a breach of this support level would lead to re-testing of the swing low of 10,629.  Stocks in news: SPARC, KNR Construction, NTPC, Cadila Healthcare, Infosys and Adani Green Energy.

Indian markets are likely to make a cautious start mirroring the nervousness in the global markets. Market participants will also react to industrial output data which was released post market hours on Friday. The Industrial output growth plunged to a 17-month low of 0.5 per cent in November. Going ahead, investors will be eyeing WPI inflation data and CPI inflation data which are due to be released today. The trend on SGX Nifty indicates Nifty will open almost unchanged at 10,825. 

Going ahead, the 100-day moving average, which is currently placed at 10,862, is likely to act as an immediate resistance level, followed by 10,920. Stocks in news: Praj Industries, NBCC, Shakti pump, Reliance Industries, KNR Constructions, Lemon Tree Hotels and Container Corporation of India.

We expect a stable start for the Indian markets as cues from Asian peers are supportive. The trend on SGX Nifty indicate Nifty to open with an uptick of 0.25 per cent at 10,888. Some of the key names like Infosys and Karnataka Bank will announce their quarterly earnings today. Additionally, India’s industrial production data for November will be out today.

Structurally, Nifty has formed a triangle pattern and the high-low breakout points to watch out for are 10,900 and 10,730. Only a decisive move above or below these key levels would result in a trending move. Stocks in news: Ashok Leyland, Vakrangee, Majesco and Yes Bank.

Indian stocks are likely to open flat to slightly higher on Thursday as cues from Asian peers are not encouraging. The trend in SGX Nifty indicates a modest positive opening to the session and Nifty could open up by 28 points around 10,904 level. The stocks of TCS and Bandhan Bank will be in the limelight as they will announce their quarterly earnings today.  

On the way up, the zone of 10,880-10,900 is a crucial resistance level and a move beyond this zone would result in breakout of triangle pattern on the upside.Stocks in news: EID Parry, NMDC, Kridhan Infra, Orient Bank of Commerce and Tata Steel.

Indian benchmark indices seem headed for a scintillating start, tracking gains in Asian markets and strong close on the Wall Street amid continued trade optimism. Trends on SGX Nifty indicate a strong start to the session and Nifty could open well over the 10,900 mark with gains of 0.78 per cent. The stocks of Indusind Bank, Delta Corp and Bajaj Corp will be in limelight as these companies will announce their quarterly earnings today.