The Indian stock market is expected to open in the red following muted global cues. Trends on SGX Nifty indicate a negative opening for the index in India with a 43 points loss.
The market rebounded after correcting on October 26 with Sensex climbing 376.60 points to 40,522.10 and the Nifty rallied 121.60 points to 11,889.40. According to pivot charts, the key support level for the Nifty is placed at 11,775.27, followed by 11,661.13. If the index moves up, the key resistance levels to watch out for are 11,951.27 and 12,013.13.