Indian markets are expected to open in the red today tracking SGX Nifty which is down by 0.36%. The SGX Nifty suggests that the Nifty could open at 10,521, lower by 38 points at the opening bell.   

Going ahead, the levels of 10,553 followed by 10,600 would play out as immediate resistance levels for the markets, whereas important support for the index is placed around 10,480. 

The key benchmark indices are expected to make a soft start on the first trading session of 2018. The SGX Nifty suggests that Nifty could open at 10,531 with a loss of 28 points at the opening bell.   

Going forward, the level of 10,450 is an immediate support for the Nifty and decisive breach of this support zone would open gates for correction up to the level of 10,400. On the upside, the levels of 10,535 and 10,552 are likely to act as stiff barriers for the Nifty.  

Today, the start of the last trading session of the calendar year, is likely to be mildly in the red. The SGX Nifty suggests that the Nifty could open at 10,506 with a loss of 3 points at the opening bell. The calendar year 2017 has been a historical one for our markets as the Nifty index has registered gains of about 28% and touched the magical mark of 10,500, while the BSE Sensex has surged about 27% and touched the landmark of 34,000.  

In today’s trading session, we are likely to witness a roller-coaster ride on the eve of F&O expiry of December series. As far as support is concerned for the Nifty, immediate support is seen around the level of 10,450, and a sustainable move below this support level may drag the index lower up to the level of 10,410. On the upside, the zone of 10,540-10,550 is likely to act as a strong barrier. 

The success of Adani Group Chairman is not hidden from anyone and certainly, it is one of those stories that need to be written in golden words in the history of India. Now comes the most important question, what about the shareholders of Adani Enterprises? What would be their wealth if they continue to hold the stock of Adani Enterprises?  

Why are we saying so? Because we have prepared a list of companies that are likely to consider the issue of bonus shares