Balasore Alloys zoomed on the bourses by over 11 per cent in the early morning trade on Wednesday after the company announced that it will acquire 70 per cent shares of Zimbabwe Alloys.

The zone of 10,650-10,660 could act as an immediate resistance and, on the downside, the gap area which was formed on January 8 is expected to offer support in case of retracement.

Key benchmark indices are expected to extend their upmove on Tuesday as leads from Asian markets are supportive. The SGX Nifty indicates that the Nifty could open around 10,660 level with gains of 28 points at the opening bell.