In the event of any consolidation or correction, immediate support is placed at 10,277, which is 61.8 per cent retracement of recent downmove, and the next support is placed at 10,200. Stocks in the news: Future Lifestyle Fashions, HCL Technologies, Indigo, Kridhan Infra, Reliance Communication, Ballarpur Industries and GM Breweries.

Today, the markets are likely to make a soft start after reports that US President Donald Trump indicated that more tariffs against China could be on the cards. The SGX Nifty is pointing that Nifty may open with marginally loss of 10 points at 10,346.  

Going ahead, the low of last Wednesday’s session, which is placed at 10096, would be seen as a crucial support. The next major hurdle is placed in the region of 10,250-10,280. Stocks in the news: Max Financial Services, Adani Enterprises, Natco Pharma, BHEL, Smartlink Network Systems, BEPL and Kansai Nerolac Paints.

Today, the markets are expected to open with a gap on the higher side amid firm global cues. Traders will remain watchful ahead of the RBI’s policy review meeting. The RBI is widely expected to keep its key rates on hold. The SGX Nifty is pointing that Nifty may open with gains of around 167 points at 10,297.  

In the coming trading session, the 200-day SMA placed around the level of 10,183 would be a key support level for the index. On the higher side, immediate resistance is placed at the level of 10,278, which is 61.80% retracement level of recent downmove, followed by 10,310. Stocks in the news: Infibeam Incorporation, Akzo Nobel, Zensar Technologies, Au Small Finance Bank, IDBI Bank and Lupin.

Today, the start of the session is likely to be slightly in the green as cues from Asian peers are mixed. Traders will remain cautious ahead of the two-day meeting of the Monetary Policy Committee (MPC) which will begin today and conclude on April 5. There is consensus on the status quo being maintained on repo rates, but the markets will be interested in RBI commentary and its plan of action to address the rising bond yields. The SGX Nifty is pointing that Nifty may open around 10,278.  

We expect a gap-down start to the trade owing to negative cues from global markets. Nifty has strong support zone placed in the region 10,075-10,097. Stocks in the news: Escorts, Motherson Sumi Systems, Akzo Nobel, JSW Steel, Neuland Laboratories, Bharat Electronics, Galaxy Surfactants and Fortis Healthcare.

Today, the start of the session is likely to be on the lower side as cues from the global peers are negative. The SGX Nifty is pointing that Nifty may open around 10,196.  

The trading may be a little choppy after a string of bank holidays in India and Easter Monday holiday in the UK, Australia and most parts of the Europe.

The  200-day SMA, which stands at 10,178, is likely to act as an immediate resistance zone and it would be crucial to see if Nifty manages to sustain above its 200-day SMA. On the downside, crucial support is placed around the level of 10,040, followed by 9950.