Indian benchmark indices are likely to make a positive start as cues from global markets are positive. The SGX Nifty indicates that the Nifty could open at 10,498 with gains of 18 points at the opening bell.   

Going ahead, the immediate support for the index is placed around the level of 10,400 and a sustainable move below this level will open up for further correction up to levels of 10,380 and 10,350. On the upside, the levels of 10,490 followed by 10,535 may act as a resistance levels for the Nifty.

Indian shares are expected to make a flat to marginally positive start. The SGX Nifty indicates that the Nifty could open at 10,486 with gains of 17 points at the opening bell.   

Going ahead, Nifty has immediate support around the level of 10,400 and a decisive breach of this support zone could lead to further decline up to the levels of 10,380 and 10,350. On the upside, the level of 10,480-10,490 would act as a strong hurdle for the index. 

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.