Today, the start of the F&O series expiry session is likely to be cautious and a lot of volatility is likely to be seen with the progress of the session as the traders balance their positions to the new series. The SGX Nifty indicates that the Nifty could open lower by 45 points around 10,338 at the opening bell.  

In the coming sessions, if the index holds above the recent swing low of 10,276 on a closing basis, followed by some consolidation, it would lead to a pull-back rally. On the upside, immediate resistance is seen around the levels of 10,400-10,450. Top stocks to watch today: Reliance Industries, Max India, Dilip Buildcon, Nitin Spinners, Mawana Sugar and Bank of Baroda.

Indian shares are likely to make a positive start as cues from Asian peers are optimistic. The SGX Nifty indicates that the Nifty could open higher by 69 points around 10,397 at the opening bell.  

Going ahead, further downside is likely once the support level of 10,300 is breached, in which case, expect Nifty to test 10,270, followed 10,200. Meanwhile, any bounce towards the level of 10,450-10,500 is likely to see a sell-off. Top stocks for the day: Indian Grid Trust, Prime Focus, Mahindra and Mahindra, Sun Pharma, Fortis Healthcare, Vardhman Special Steel, Vascon Engineers, Gayatri Projects, Religare Enterprise and Advance Enzyme.

Indian benchmark indices are expected to open on the negative side amid weak global cues. The SGX Nifty indicates that the Nifty could open with a loss of 27 points around 10,344 at the opening bell.  

We are placed very close to the important support level of 10,400. The 100-day EMA and the rising trendline supports are placed nearby this level. Top stocks to watch out today: ARSS Infra, Siemens, Infosys, Reliance Industries, Dilip Buildcon, Adani Enterprises, ITD Cementation, Bhel, Reliance Communication, Natco Pharma and State Bank of India. 

Indian markets are likely to open flat with a positive bias. The SGX Nifty is suggesting that the Nifty could open with gains of 15 points around 10,462 at the opening bell.  

We believe, if any directional movement has to come, then Nifty should give a decisive breakout from the range of 10640–10400. Until then, the index will continue to consolidate in the broad range of 10,400-10,640.  Top stocks to watch out today: Mahindra and Mahindra, Idea Cellular, Future Consumer, 8K Miles, IDBI Bank, India Grid Trust, HDFC, Infosys, Prakash Industries and Indoco Remedies.

Key benchmark indices are expected to open with modest gains. The SGX Nifty indicating that the Nifty could open higher by 31 points around 10,588 at the opening bell.  

The level of 10,400 is a significant support level as the 100-day EMA and rising trendline support are placed around this level. On the upper side, the level of 10,600-10,640 would be seen as a major hurdle for the Nifty. Top stocks to watch out today: Zee Learn, MT Educare, Sunteck Realty, Indiabulls Real Estate, Torrent Power, Indo Count Industries, Yes Bank and PVR.