Selling pressure is likely to continue in the Indian markets following negative cues from Asian peers and the ghost of strong dollar and hardening oil price will continue to spook the markets. The SGX Nifty is trading with a loss of 129 points at 10,754 levels, indicating terrible start to the day.

On Wednesday, the level of 11,044, which is the 100-D SMA, is likely to act as an immediate resistance followed by 11,110. On the downside, the levels of 10,930, followed by 10,800, are likely to act as a supports for the index. Stocks in news: HCL Technologies, Glenmark Pharmaceuticals, Future Enterprises, Mpahsis, Trigyn Technologies, Infosys, Minda Corporation, Coal India and IL&FS.

Indian markets are most likely to start the session on a watchful note as the cues from the Asian peers are mixed and the street will minutely track the movement of the Indian rupee and crude oil. 

The zone of 10,850-10,880 will continue to act as a strong support zone for the index. However, a decisive breach of this support would result in a fall up to the level of 10,770. Stocks in news: Zen Technologies, Puravankara, Mahindra and Mahindra, Engineers India, BPCL, Kalpataru Power Transmission, NMDC, Indian Hotel, Tata Power, Bandhan Bank, Yes Bank and Bharti Airtel.

Indian markets are likely to kick off the truncated week on a flat note as cues from Asian markets are muted. Auto stocks will be in focus in today’s trading as auto companies will announce their September sales data. Additionally, the Nikkei Manufacturing PMI for September will be released today. The SGX Nifty has gained 10 points to 10,969, indicating a flat start.  

Going ahead, the immediate previous low of 10,866, which was marked on September 21, is likely to act as a strong support level, and on the upside; the level of 11,040 is likely to act as an immediate resistance level, followed by 11,100. Stocks in news: LEEL Electricals, Redington, Karnataka Bank, Bank of Baroda, Canara Bank, Reliance Communication, Astec Lifesciences, Kesoram Industries and PNB.

Indian shares look set to open higher on the final trading session of the week as positive cues from global markets may lift investor’s sentiments. The SGX Nifty has surged 49 points to 11,092, indicating a gap-up start to the day.

Going ahead, on the upside, the zone of 11,160-11,180 is likely to provide resistance, while on the downside, immediate support is placed around Wednesday’s session low of 10,993. Stocks in news: HCL Technologies, Torrent Power, Hero Motocorp, SBI, IL&FS Transportation Networks, 5paisa Capital and NBCC.

Today, the start to the F&O series expiry session is likely to be in the green, despite the Asian markets trading on a cautious note. However, as the day progresses, volatility is expected to kick in. The SGX Nifty is trading higher by 35 points at 11,087, indicating a positive start to the day.  
  

For the day, immediate resistance is placed around the level of 11,100 followed by 11,170, and on the downside, support is seen around the level of 11,020 followed by 10,910.  Stocks in news: Godrej Properties, Minda Industries, Cosmo Films, Blue Dart Express, RITES, Glenmark Pharmaceuticals, NHPC and Yes Bank.