Going ahead, the 100-day moving average placed at 10,938 is likely to act as an immediate resistance level. A follow-through move above this would open up for further upside towards the level of 11,000, followed by 11,090. Stocks in news: Biocon, Majesco, NTPC, Karnataka Bank, Mahindra and Mahindra Financial Services, Lemon Tree, PVR, Glenmark Pharmaceuticals, Yes Bank, Piramal Enterprises and Welspun Enterprises.

Indian markets are expected to extend their jubilant run shrugging of mixed cues from the Asian peers. The SGX Nifty indicates that Nifty could open around the level of 10,994, with a gain of 39 points.  

On the way up, the index may attempt to test the 100-day moving average placed at the level of 10,938, while on the downside, the gap area (10,815-10,845) which was formed on December 17 is likely to provide support to the index. Stocks in news: Tata Steel, Graphite India, Ashoka Buildcon, NMDC, Bombay Dyeing, Bank of Baroda and Glenmark Pharmaceuticals.

Indian benchmark indices are likely to open a tad lower following cautious mood in the Asian markets and sharp fall seen on Wall Street overnight. The SGX Nifty indicates Nifty could open around the level of 10,886, down by 27 points.   

Going ahead, the zone of 10,750-10,757 is likely to act as crucial support for the index. On the upside, immediate hurdle is placed around the level of 10,811. Stocks in news: Biocon, Reliance Industries, Wipro, NTPC, Cadila Healthcare, Datamatics Global Services, Infosys, Bharti Airtel, Future Consumer and Canara Bank.

Indian markets are expected to open with modest gains as cues from Asian peers are mixed. The SGX Nifty is currently trading at 10,858 level, up by 27 points.   

Going ahead, the 200-day moving average, which is placed around the level of 10,755, is likely to act as an immediate support level, whereas on the upside, Thursday session's high which stands at 10,839 is likely to pose resistance. Stocks in news: Lupin, IOC, Adani Enterprises, Adani Enterprises, Premier Explosives and NMDC.

Indian shares look set to open lower on Friday following weak cues from the Asian peers. The SGX Nifty is currently at the 10,776 level, down by 50 points. Going ahead, the market participants will keep a close watch on WPI data for November, which will be released today along with the data on balance of trade in November.  The central board of the Reserve Bank of India (RBI) will meet today under the new Governor Shaktikanta Das and, as per the reports, the meeting is likely to review the progress made on some of the decisions taken in the last meeting.   

It would be important for the Nifty to surpass its 200-day moving average and trade above this zone for extending its rally. Sustaining above the 200-day moving average will open up for upmove towards the levels of 10,840-10,890. Stocks in news: Lupin, Stride Pharma Science, Pricol, Sadbhav Engineering and Punjab & Sind Bank.

Today, the markets are likely to make an optimistic start, tracking positive trend among Asian peers and a positive close on Wall Street overnight. Traders will be getting some encouragement with the data released yesterday post-market, reflecting economy's improved performance as retail inflation eased to 2.3 per cent while IIP grew at an 11-month high of 8.1 per cent. The SGX Nifty is currently trading at 10,840 level, up by 52 points.