Going ahead, immediate resistance is seen in the zone of 10,480-10,500. On the downside, support is seen around 10,410, followed by 10,350. Stocks in the news: NBCC, Infosys, Dabur, HCL Technologies, Texmaco Rail and Engineering and Mahindra and Mahindra.

Today, the markets are likely to make a positive opening after the US markets gained in overnight trade. Traders will now look forward to the IT major Infosys, which will declare its March quarter results today. 

Indian markets may open flat with a positive bias as cues from Asian markets are subdued and as US stocks witnessed selling pressure in overnight trade . Traders will keep an eye on the CPI data and Industrial Production figures which will be announced by the government today. The SGX Nifty is pointing that Nifty may open with minor gains of 16 points at 10,434.  

Equity markets are expected to open flat and take a breather after registering a scintillating rally in the last 3-4 trading sessions. Additionally, the Asian peers are trading in a capped range in the trade today. The SGX Nifty is pointing that Nifty may open flat at 10,425.  

On the upside, Nifty has strong resistance placed in the region of 10,440-10,450, and both the 50-SMA and 100-SMA stand at 10,438. Stocks in the news: Lemon Tree Hotels, Infosys, Dr Reddy Laboratories, HFCL, Oricon Enterprises and Star Cement.

Going ahead, we expect Nifty to continue its positive momentum, but it is now approaching towards its major hurdle of 10,425-10,440. Stocks in the news: Axis Bank, Alembic, Neuland Laboratories, Bharti Aritel, Wipro, HDFC and Gravita.

Going ahead, immediate support for the Nifty is placed at 10,270 level, which is 61.8 per cent retracement of downmove and major support is placed around the level of 10,210-20. Stocks in the news: Wipro, Piramal Enterprises, Visaka Industries, Inox Wind, Atul, Tata Chemicals, DHFL, Akzo Nobel and Dabur India.

Indian markets are likely to open slightly in the red. The SGX Nifty is pointing that Nifty may open lower by 34 points at 10,308.