DSIJ Mindshare

Going ahead, Friday session low of 9,951 will be a crucial support for the Nifty and the next support is seen around 9,910 level. Stocks in the news: Granules, Vedanta, Tata Power, Tata Chemicals, Marathon Nextgen Realty, NHPC, NTPC, BHEL, Reliance Industries, Indiabulls Real Estate, Bharat Financial Inclusion and Uttam Galva.

Going ahead, the low of Wednesday’s session, i.e. 10,133, would be a crucial level to watch out as a decisive breach below this level would trigger some selling to re-test the 10,040-10,000 levels. Stocks in the news: Sun Pharmaceutical, Arvind, Dilip Buildcon, Zensar Technologies, Oil India, IRB Infrastructure and Majesco.

Indian benchmark indices are likely to open mildly in the positive terrain. The SGX Nifty is pointing to a rise of 26 points for the Nifty at the start of session.  

Going ahead, the level of 10,000 is a key support for the index. On the other hand, the immediate hurdle for the Nifty is placed around the level of 10,160, followed by 10,200. Stocks in the news: Capacite Infraprojects, IRB Infra, BGR Energy, Future retail and Prism Cement.

Traders will keep an eye on 200-SMA, which is placed near 10,158, as a decisive move below this vital level would reinforce selling pressure in the markets and could pave the way for the bears as the index may slip to test the level of 10,090, followed by 10,000. Stocks in the news: ENIL, DB Realty, Thermax, UPL, ZEEL, Grasim Industries, Ramky Infrastructure and Cadila Healthcare