DSIJ Mindshare

Overall volumes in futures & options currently stand at 92.45 lakhs contracts with a turnover of Rs. 6,43,893.84 crore.

Overall volumes in futures & options currently stand at 92.45 lakhs contracts with a turnover of Rs. 6,43,893.84 crore.

The level of 11,570 will be closely watched as this would be a crucial support level for the index and if there is any follow-through move below this level, expect a correction in the index, while on the higher side, the levels of 11,700 and 11,760 will continue to act as a stiff resistances. Stock in news: SSWL, Cipla, Bharat Road Network, Tata Power, Stride Pharma Sciences, Dr Lal PathLabs, Godrej Properties, HCL Technologies, Coal India.

Indian benchmark indices are likely to open the session with modest gains following strong leads from the Wall Street and optimism seen among the Asian peers. At the time of writing, the SGX Nifty was up by 11 points at 11,745. Market participants will keep a watch on Nikkei Manufacturing PMI for the month of March, which is due for release today.

Tata Consultancy Services Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.