Indian markets are expected to continue with the jubilation with a positive start as cues from Asian peers are supportive. The SGX Nifty suggests that the Nifty could at 10,759 with gains of 9 points at the opening bell.  

Going forward, the level of 10,580-10,590 remains a crucial support for the Nifty, and as long as Nifty stays above this level, buying on dips would be a good strategy for an upmove up to the levels of 10,740-10,800. Following are stocks to watch today: Power Grid Corporation, IL&FS Transportation Networks, Venus Remedies, Asian Granito India, Religare Enterprises, HDFC, HDIL, Southern Petrochemicals Industries, CAPF and IDFC Bank. 

Indian markets are likely kick off the week on a cheerful note today on the back of positive global cues and big positive surprise from the IIP front, which grew by 8.4% for the month of November. The SGX Nifty indicates that the Nifty could open higher by 37 points around 10,723.   

Going ahead, a follow through move above Thursday’s high of 10,664.60 will take Nifty to the level of 10,700. On the downside, the zone of 10,580-10,600 is a crucial support zone for Nifty. 

Key benchmark indices are expected to open on an optimistic note. The SGX Nifty suggests that the Nifty could open around 10,699 level with gains of 41 points at the opening bell.   

Nifty has immediate support placed around the level of 10,590, followed by 10,550. On the upside, 10,660 is an immediate resistance level, followed by 10,700. Stocks to watch out for the day are Maruti Suzuki India, Tata Chemicals, Quess Corp, Welspun Enterprises, Texmo Pipes and Products, Alok Industries and GE Power India. 

Today, markets are expected to make a soft-to-cautious start as cues from the global markets are subdued. As the earnings season kick-starts, all eyes will be on IT major TCS and its guidance. The SGX Nifty suggests that the Nifty could open around the level of 10,623, with marginal loss of around 15 points at the opening bell.  

The zone of 10,650-10,660 could act as an immediate resistance and, on the downside, the gap area which was formed on January 8 is expected to offer support in case of retracement.

Indian markets are likely to make a flat to marginally positive start. The SGX Nifty indicates that the Nifty could open around 10,645 levels with gains of 6 points at the opening bell.   

Nifty is likely to continue its uptrend towards the level of 10,660, whereas any retracement may find support around Monday’s opening upside gap area (10,566-10,588.50) followed by 10,550.