DSIJ Mindshare

Indian markets are likely to witness a positive opening as cues from global peers are supportive. The SGX Nifty is indicating that the Nifty could open higher by 39 points around 10,399 at the opening bell.  

Going ahead, the zone of 10,270-10,300 is very crucial for the Nifty and a decisive breach of this support zone may trigger a sell-off which may drag the market up to the levels of 10,200-10,080 in the near term. On the upside, the gap area of March 5, 2018 (10,429-10,447) will play out as the resistance area. Stocks in the news: Infosys, Prime Focus, Mahindra and Mahindra, Wanbury, JSW Energy, Reliance Industries, Somany Ceramics, HDFC, Ramco Cements and Reliance Infra.

The stocks that are likely record significant movement on the bourses on Tuesday, March 6, are JSW Energy Limited, Wanbury Limited, Reliance Industries Limited, Oil India Limited and Bharat Petroleum Corporation Limited.      

While the market still debates the effect of Trump admin's newly imposed import tariff on steel and aluminum, Indian markets slip in-line with global weakness post the announcement.

Eris Lifeciences is seen surging against the market sentiments with 5.4 per cent gains from the previous close. The stock succeeded in giving a consolidation breakout with 3.10 times volume spurt in intraday trade. The oscillators too are trailing above 60 levels which supported momentum in the stock.