Indian stock markets are likely to open with a big gap on the downside following sell-off seen in the US markets overnight and pessimism across the Asian markets. The SGX Nifty is trading lower by 2.53 per cent at 10,221 level, indicating a dreadful start to the day.

Going ahead, the level of 10,250 is likely to act as an immediate support level for the index and failing to hold this support is likely to witness further correction towards the swing low of 10,198. Stocks in news: Dr Reddy’s Laboratories, Voltas, Glenmark Pharma, Bharat Forge, NLC India, Tata Motors and Graphite India.

Indian markets are expected to witness positive start as the cues from Asian markets are supportive. The SGX Nifty is trading up by 28 points at 10,340 level, indicating a positive start to the day.  
  

On the higher side, a follow-through move above Monday’s session high (10,398) may take the index towards the level of 10,430, followed by 10,520.  Stocks in news: Britannia Industries, NBCC, Sadbhav Infra Project, Coal India and NCL Industries.

Indian markets are likely to witness a flat start following mixed cues from Asian peers and Wall Street. The SGX Nifty is trading up by 18 points at 10,385 level, indicating a flat start to the day.  
  

The sharp fall in the last three trading sessions has led to oversold conditions on technical indicators. As we enter the first trading session of fresh week, we may see a nervous opening to the trade and the levels of 10,205, followed by 10,130, could act as support levels for the Nifty. Stocks in news: Sobha, Sunteck Realty, UltraTech Cement, HFCL, Texmaco Rail and Engineering, Avenue Supermarts, Gravita India, PNB Housing Finance and Gati.

Indian stock markets may drift lower at the opening bell as cues from Asian peers are negative. The SGX Nifty is trading down by 20 points at 10,280 levels, indicating dull start to the day.  

The low of Thursday’s session (10,547) would be the crucial level to watch out as it coincides with the low of June 28 from where the upward rally started. Stocks in news: Lupin, Cadila Healthcare, Dixon Technologies, NBCC, TVS Motor, Titan, Dilip Buildcon, IDBI Bank and Jet Airways.

Indian shares look set to open lower on Friday as Asian markets are trading in the negative territory and sell-off was seen in the US markets overnight. The SGX Nifty is trading with loss of 60 points at 10,548 levels, indicating negative start to the day. All eyes will be on the RBI meet outcome. 

Going ahead,  the area of 10,775-10,800 remains a crucial support level for the index as it is a confluence of 200-DMA, which is currently placed at 10,777, and 78.6 per cent retracement level of July-August, which is placed at 10,815. Failing to hold this crucial support could possibly take the index towards the lower levels of 10,690-10,670 in the short term. Stocks in news: Aditya Birla Capital, Bharti Airtel, Tata Power, Amara Raja Batteries, TVS Motor, SRF, Larsen and Toubro and Infosys.