In the coming session, we would expect the momentum to continue and Nifty may test the level of 10,742, which is the 200-day moving average, followed by 10,775. Stocks in news: Inox Wind, MERCK, Orient Electric, Axiscades Engineering Technologies, Atul Auto, Aurionpro Solutions and Yes Bank.

Indian markets may continue with their upside momentum as cues from Asian markets are stable and Wall Street also closed in the positive territory in overnight trading. The SGX Nifty Index Future was trading higher by 28.50 points at 10,719.50.  

The level of 10,650-10,660 is likely to act as a strong barrier for the index as the 50-day moving average is placed in this region. Stocks in news: Unichem Labs, Sunil Agro Foods, IFCI, Nava Bharat Ventures, Sun Pharmaceutical and NMDC.

Indian shares may open lower on Tuesday, tracking mixed cues from Asian markets. The SGX Nifty Index Future indicates that Nifty may open lower by 54 points around the level of 10,593.   

The zone of 10,440-10,480 is a crucial support zone, as multiple supports are positioned in this region. To begin with, the 20-D SMA is placed at 10,482, followed by the 38.2 per cent retracement level of the recent upmove from the October low and the recent swing low of 10,440 seen on November 13, 2018. Stocks in news: Strides Pharma Science, Infosys, Oriental Bank of Commerce, BEML, Mahindra and Mahindra, Reliance Industries and Virinchi.

We expect Indian markets to witness a stable start on Monday as cues from Asian peers are supportive. The SGX Nifty Index Future indicates that Nifty may open with gain of 11 points around the level of 10,566.  
  

Going ahead, the level of 10,550 is a crucial support level and failing to hold this support level would open up for further correction up to the level of 10,450-10,480. Stocks in news: Deepak Fertilisers and Petrochemicals Corporation, Huhtamaki PPL, GAIL, Redington, GMR Infrastructure and Jet Airways.

The stock markets in India are expected to open flat due to lack of clear trend in Asian indices. The SGX Nifty Index Future was marginally up by 3 points at 10,624 indicating flat opening for the Nifty.  

Going ahead, support is seen around the level of 10,600 and a decisive breach of this support zone would trigger fresh bout of selling, which may take the index towards the levels of 10,530-10,550. Stocks in news: Minda Corporation, Suzlon Energy and NBCC.

Indian markets are likely to open in the red taking weak cues from the global markets as the US indices turned into red figures for the year. The SGX Nifty Index Future was lower by 15 points, indicating Nifty opening around the level of 10,654.