DSIJ Mindshare

Going ahead, sustaining below the Monday session low of 11,549 would lead to an extended correction towards the 20-day moving average, which is placed at 11,496 level. While, on the upside, the level of 11,710, followed by 11,760, is likely to act as a stiff resistance for the index. Stock in news: Quess Corp, Panacea Biotec, Va Tech Wabag, Asian Paint,  Infosys, Coffee Day Enterprises.

Markets are likely to open flat following a mixed close on the Wall Street overnight. At the time of writing, SGX Nifty was trading around 11,699 level, up with a gain of 16 points.

The 20-day exponential moving average, which is placed around 29,530, is likely to act as immediate support, while the major support is placed around 29,150. On the upside, all-time high of 30,648.10 level will be a major hurdle for the index.

The stock had formed Evening Doji Star candlestick pattern. It is a reversal candlestick pattern which is bearish in nature and appears at the end of an uptrend.

The stocks that are likely to witness significant movement on the bourses on April 9 are Paisalo Digital, Tata Steel BSL, Cyient, V-Mart Retail and Vanta Bioscience