Indian markets are expected to open higher on the back of positive global cues. Traders will also keenly await the release of WPI data. The SGX Nifty indicates that the Nifty could open with gains of 81 points around 10,544 at the opening bell.  

The Nifty has managed to defend its 100-day EMA placed at 10,405. Going ahead, the zone of 10,600-10,640 would be seen as an immediate resistance level, whereas a move below 10,480 level would reinforce the selling pressure, taking Nifty towards 10,440-10,400 levels.  Top stocks for the day: Rolta, PVR, NBCC, Vascon Engineers, Apollo Tyres, Fortis Healthcare,   Mangalam Cement, Bank of Baroda, JSW Steel, Indoco Remedies, IOL Chemicals and Pharmaceuticals, Idea Cellular and CG Power.

The key benchmark indices are likely to open on optimistic note, following overnight gains on Wall Street. The SGX Nifty indicates that the Nifty could open up by 84 points at 10,550 at the opening bell.  

Going ahead, the zone of 10,380-10,400 is a crucial support level for the Nifty because, firstly, the 100-day EMA is placed in this region and, secondly, a trendline formed by joining lows of September 28, 2017 and December, 6, 2017 is placed around the 10,380-mark. Top stocks for the day: Oil India, Cadila Healthcare, Capacite Infraprojects, Ajanta Pharma, Tata Power, Bharati Defence and Infrastructure, Pidilite Industries, ONGC, NMDC, Dredging Corp, UCO Bank and Tata Motors.

Indian markets are likely to make a flat to positive start on the back of flat trading seen among Asian peers. The SGX Nifty suggests that the Nifty could open up by 26 points at 10,483 at opening bell.  

On the downside, the level of 10,270-10,300 is a strong support for the Nifty. Top stocks to watch out today: Canara Bank, Vijaya Bank, Axis Bank, Mcnally Bharat Engineering, Eros Media, VEDL, IGL and SQS India BFSI.

Indian shares are expected to open on a pessimistic note on the back of sell-off in the global markets. The SGX Nifty suggests that the Nifty could open lower by 217 points at 10,344 at the opening bell.  

Going ahead, the levels of 10,550-10,560 would be seen as immediate hurdle, followed by 10,620 and unless index does not climb this wall, we are likely to see volatile movement with a negative bias. On the lower side, 10,440 remains to be a crucial support level and a move beyond 10,440 would extend the correction up to the levels of 10,400-10,370.  Stocks to watch out: SRF, Corporation Bank, SML Isuzu, CG Power, Piramal Enterprises, Prestige Estate, Union Bank of India, Dilip Buildcon and 3i Infotech.

The outlook for the day is a positive opening, but sustaining the good start would be crucial, as we had seen in the overnight trade that the US markets had failed to hold on to a good start. The SGX Nifty suggests that the Nifty could open higher by 40 points at 10,491 at opening bell.  

The level of 10,400 is a crucial support for the Nifty, followed by 10,340. On the upside, if Nifty holds above the levels of 10,550-10,570, it could extend its upmove up to the level of 10,650. The 14-period daily RSI is holding at the key support area of 35 and, previously, it has witnessed sharp upside rally after taking support from this level. Stocks in news today: Ashapura Intimates, Praj Industries, Bajaj Electricals, Orient Press, Mcnally Bharat Engineering, KEC International and Canara Bank.