Indian shares are expected to have a gap-up opening on Thursday, tracking global markets. US stocks surged on Wednesday as hopes were raised that interest rate would be cut in December. However, the session is expected to be very volatile today on account of the F&O expiry. For the Sensex, yesterday's low of 18,884 would be a crucial support level. On the higher side, it could face resistance at 18,990-19,100. The Nifty has support at 5,560-5,535 and resistance at 5,635-5,675. The F&O data for the previous session indicated a short build up as the markets attempted a feeble upthrust. Among stocks that are expected to see action are DLF, Parsvnath and JK Lakshmi Cement.
Source: Icicidirect.com
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