Nifty may continue to resist around its 100-day moving average, which is currently placed at 10,909 level and consolidate in a narrow range. A sustainable move above its 100-day moving average would lead to extension of its upmove towards the level of 11,090. Stocks in news: Lupin, Centrum Capital, Bank of Maharashtra, JMC Projects, KEC International and Dynamatic Technologies.

Key benchmark are likely to kick off the new year on a flat note as Asian peers are shut on account of new year holiday. Trading volumes are likely to remain thin as overall participation may be less. The SGX Nifty indicates Nifty may open almost unchanged around the level of 10,921.  

Going ahead, the zone of 10,889-10,914 is likely to act as an immediate resistance zone. A sustainable move beyond this zone would infuse further strength in the Nifty, which may take it towards the recent swing high of 10,985. Stocks in news: Power Grid, Ashok Leyland, Bharat Financial, Cadila Healthcare, Asian Granito, IDBI Bank, Oriental Bank of Commerce, Aavas Financiers and CreditAccess Grameen.

Indian markets are likely to witness an optimistic start on the final trading session of the 2018. The SGX Nifty indicates Nifty may open around levels of 10,972 up by 0.46 per cent. 

Going ahead, a follow-through move below the Friday’s session low of 10,739 would open up for further correction up to the level of 10,660, which is 50 per cent retracement level of the recent upmove. Stocks in news: HFCL, PVR, Inox Leisure, Petronet LNG, Lumax Auto Technologies, Gammon India, ENIL, Fortis Healthcare, InterGlobe Aviation, Power Grid and Unichem Laboratories.

Indian markets are likely to open in the green with modest gains. The SGX Nifty indicates Nifty may open around the level of 10,774, up by 0.13 per cent.  

We expect the December 17 gap area of 10,845-10,816 to act as an important support level. Stocks in news: Indian Hume Pipe, BOSCH, Power Finance Corporation, Bharti Airtel, NHPC, ENIL and Mercator.

Indian indices are likely to open lower on Friday, following the overnight rout on Wall Street. In the recent past, Indian equity markets have showed remarkable resilience compared to its peers and has maintained its momentum. However, ahead of the Christmas holiday season, we suggest traders to remain light on the markets and focus on stock-specific approach. The SGX Nifty indicates Nifty may open around the level of 10,962, down by 0.29 per cent.  
  

The index had surged over 600 points from the lows witnessed on December 11 and the present structure on the chart looks slightly overstretched, and hence, we may see some consolidation. In case of consolidation, the zone of 10,870-10,880 is likely to act as a support level.  Stocks in news: Orient Electric, Alembic Pharmaceuticals, Endurance Technologies, Om Metals Infraprojects, TCS, Pfizer, KPIT Technologies, Cosmo Films and Canara Bank.

Indian markets are likely to witness a gap-down opening as the cues from global markets are depressing. The SGX Nifty indicates Nifty could open around the level of 10,895 with loss of 0.82 per cent.