In the coming trading session, the levels of 10,785 and 10,800 will play out as immediate resistance areas. Stocks in news: Fortis Healthcare, Idea Cellular, Mahindra and Mahindra, Infosys, Shriram EPC, TCS, Cholamandalam Investment and Finance, Bayer Crop science, Maruti Suzuki India, PNC Infratech, Ashiana Housing and Bodal Chemicals.

In the coming session, if Nifty holds above the 100-day SMA which stands at level of 10,554, it would keep positive options open to challenge the recent swing high of 10,717. Stocks in news: ICICI Bank, Reliance Communication, Jamna Auto, Infibeam Corporation, Ultratech Cement, Can Fin Homes, Granules India, Atlanta and Mcleod Russel.

A follow-through move below Tuesday’s session low of 10,616 could lead the market to test its 100-day SMA. Stocks in news: Avenue Supermarts, UFLEX, Jubilant Foodworks, Glenmark Pharmaceuticals, GNFC, RSWM, Rushil Décor and Fortis Healthcare.

In the coming session, immediate resistance is placed around the level of 10,734, which is 61.8 per cent retracement level of the recent downmove. Stocks in news: HUDCO, Jet Airways and Vedanta.

Going ahead, we expect Nifty to advance to the level of 10,665-10,674 and it may face resistance around this level as it is a confluence of 21-day SMA and 50 per cent retracement level of the recent downmove. Stocks in news: Welspun Enterprises, ITDC, Torrent Pharma, UBL, Dr Reddy’s Laboratories, Himatsingka Seide, Dilip Buildcon, MEP Infrastructure Developers, IDBI Bank, Punj Lloyd and Cadila Healthcare.

Going ahead, a follow-through move above the 100-day SMA, which is placed in the region of 10,538, could lead the index up to the levels of 10,580-10,600. Stocks in news: Gayatri Projects, PNC Infratech, Avenue Supermarts, Camline Fine Science, Neuland Laboratories and Kaveri Seed Company.

For the coming session, the level of 10,380 will act as an immediate support, followed by 10,330, which is the 200-SMA. On the upside, the level of 10,480, followed by 10,550, would now be seen as strong hurdles for the index. Stocks in news: Indiabulls Housing Finance, NLC India, Sunteck Realty, Tata Power, Shalimar Paints and MEP Infrastructure.

Going ahead, Tuesday’s session low of 10,491 would act as an immediate support level, and a follow-through move below this level could lead to further downside up to the level of 10,440, which is 50 per cent retracement level of the recent rise from the March low. Stocks in news: Sun Pharmaceuticals, Minda Industries, Gravita and Majesco.

Going ahead, Nifty has a cluster of supports in the range of 10,440-10,500. Stocks in news: Future Retail, Dhunseri Petrochem, CMI, Essar Shipping and HDIL.

Going ahead, the zone of 10,550-10,560 is a key support for the Nifty as it is a confluence of 50-day EMA and 50 per cent retracement of the downmove. Stocks in news: South Indian Bank, AU Small Finance Bank, Century Textile, Indoco Remedies, Alembic Pharmaceuticals, Endurance Technologies and Indiabulls Real Estate.