DSIJ Mindshare

Overall volumes in futures & options currently stand at 64.20 lakh contracts with a turnover of Rs. 5,96,072.34 crore.

Overall volumes in futures & options currently stand at 64.20 lakh contracts with a turnover of Rs. 5,96,072.34 crore.

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 stocks that are expected to witness significant movement on the bourses on January 11, 2018 are GE Power India Limited, TCS Limited, Universal Cables Limited, Can Fin Homes Limited and Welspun Enterprises Limited.