DSIJ Mindshare

Overall volumes in futures & options currently stand at 82.18 lakh contracts with a turnover of Rs. 5,03,549.10 crore.

Bank Nifty is displaying a Rising Wedge kind of pattern in progression for the last six weeks.

In the coming session, the 100-day moving average, which is placed around the level of 10,856, is likely to act as an immediate resistance, followed by 10,900. On the downside, the level of 10,730 is likely to act as a support for the index and a breach of this support level would lead to re-testing of the swing low of 10,629.  Stocks in news: SPARC, KNR Construction, NTPC, Cadila Healthcare, Infosys and Adani Green Energy.

Indian markets are likely to make a cautious start mirroring the nervousness in the global markets. Market participants will also react to industrial output data which was released post market hours on Friday. The Industrial output growth plunged to a 17-month low of 0.5 per cent in November. Going ahead, investors will be eyeing WPI inflation data and CPI inflation data which are due to be released today. The trend on SGX Nifty indicates Nifty will open almost unchanged at 10,825. 

Grocery retailer Avenue Supermarts Limited reported 33 per cent growth in revenue for Q3FY19 but PAT growth was flat due to a reduction in gross margin. The company reported its Q3FY19 results on Saturday.