DSIJ Mindshare

On the downside, 11,311 is likely to act as a support for the index. Stocks in news: Prabhat Diary, DLF, Suzlon Energy, Grasim Industries, ICICI Prudential Life Insurance Company, Jet Airways and Kalpataru Power Transmission.

Indian markets may open flat with positive bias on Tuesday as cues from Wall Street overnight were mixed, while Asian markets have shown strength in early trading. At the time of writing, the SGX Nifty was trading up by 5 points at 11,370.

The stock of Balkrishna Industries bounced back sharply and formed a bullish engulfing candle after touching 20-day EMA and on the daily scale.

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

Cochin Shipyard Limited (CSL) has received a formal letter of Acceptance of Tender for 9 Floating Broader Outpost Vessels (FBOPs) from the Ministry of Home Affairs, India. The order for these 9 vessels is worth Rs. 270 crore.