DSIJ Mindshare

The zone of 11,540-11,550 is a crucial level to watch out as 11,549 is the current month's lowest level and the 23.6 per cent retracement for the upmove leg from the low of 10,585-11,856 is placed at 11,556. In case Nifty falls below 11,550-11,540 zone, it may witness some more weakness towards 11,440 and 11,380 levels. On the upside, the 20-day moving average placed at 11,613 is likely to act as an immediate resistance, followed by 11,645. Stocks in news: Lupin, NBCC, Tata Power, Tata Global Beverages, SML Isuzu, Tiger Logistics, Maruti Suzuki India, NIIT Technologies, Infosys.

Judging by trends in worldwide stocks markets and early action at SGX Nifty, it appears that domestic benchmark indices will make a happy start. At the time of writing, SGX Nifty was trading higher by 37 points at 11,631 level.  Hexaware, Indiabulls Housing Finance, ICICI Pru Life, M&M Fin, Tata Elxsi and Ultratech Cement are some of the key companies announcing their earnings numbers today.

Neogen Chemicals (NCL), a Mumbai based company engaged into manufacturing of speciality chemicals is hitting the primary capital market to raise Rs 132.35 crore at uppper price band.

The index has formed the Three Black Crows candlestick pattern.The Three Black Crows candlestick pattern is a bearish reversal candlestick pattern. The pattern occurs when bears overtake the bulls during three consecutive trading sessions.

India's largest natural gas company GAIL has emerged as the frontrunner to acquire the stressed wind assets of the collapsed infrastructure financier IL&FS.