The overhang of a trade war will remain on Indian markets which are likely to open lower. Going ahead, traders will keep a close eye on the rupee movement as rupee breached 72.50/$ mark. The SGX Nifty is trading lower by 23 points at 11,366.    

The opening upside gap area (11,381-11,431) which was formed September 14 is likely to act as a key support zone from the near term perspective. Stocks in news: RCF, Sterlite Technologies, Reliance Industries, Infosys, Wipro, MEP Infrastructure Developers, Gammon India and Future Supply Chain Solutions.

Indian stock markets are likely to open lower on Monday as global sell-off has intensified with the US intending to pursue its $200 billion worth of trade tariffs on China. The SGX Nifty is trading lower by 51 points below the 11,500 mark.   
  

Going ahead, Wednesday’s session low of 11,250 is likely to act as a strong support for the index. Stocks in news: Sun Pharmaceutical, Vedanta, Engineers India, Maruti Suzuki, Cadila Healthcare, Wipro, Jain Irrigation, Lupin, SBI, Voltas, HCL Technologies and NBCC.

Indian markets are expected to open on a cheerful note as the cues from the global markets are supportive. The economic data, which were released after markets hours on Wednesday, are supportive with inflation coming in lower and growth staying constant. The SGX Nifty has shown a positive trend as it trading higher by 45 points at 11,490.

The zone of 11,290-11,320 would act as a key support zone for the Nifty. Stocks in news: SITI Networks, Alembic, Wipro, CIPLA, Sun Pharmaceutical, Bharti Airtel, Reliance Industries, Godrej Agrovet and Redington.

Indian markets are expected to open flat as cues from Asian markets continue to be negative. The SGX Nifty suggests that Nifty could open up by 6 points around the level of 11,327.  

Going ahead, the levels of 11,390, followed by 11,320, are likely to act as immediate support levels. On the way up, the index has strong resistance in the zone of 11,550-11,600 and the index needs to convincingly pass through this resistance zone if it has to gain some real strength in the near term.  Stocks in news: Sun Pharmaceuticals, Jaiprakash Associates, Container Corporation of India, Manali Petrochemicals, Yes Bank and NMDC.

Markets in India are expected to open with modest losses as cues from Asian peers are mixed.  The SGX Nifty suggests that the Nifty could open lower by 20 points around the level of 11,466.

Nifty is expected to take support at the levels of 11,520, followed by 11,480.  Stocks in news: Union Bank of India, RITES, Thyrocare Technologies, Omax Autos, Reliance Industries, Reliance Capital, Cyient, Soril Infra Resources and Bank of India.