DSIJ Mindshare

Going ahead, the level of 10,580 will be a crucial support for the index. Stocks in news: KSCL, Essel Propack, VEDL, Maharashtra Seamless, Majesco and Duke Offshore.

The outlook for the day is a positive start as the SGX Nifty at the time of writing is seen trading higher by 57 points at 10,671 and we are of the opinion that Nifty, after scoring a half century in the opening bell, would gun for a tonne during the day if the global cues continue to remain favourable. Market participants will also keep an eye on the GST cCouncil meeting which will be held today. 

Last week, the stock had managed to give symmetrical triangle breakout along with relatively higher volume. Additionally, the stock had formed bullish candle on breakout week, which adds strength into the breakout.

The stocks that are likely to witness significant movement on the bourses on February 20 are Tata Motors, Maharashtra Seamless, Essel Propack, Wipro and L&T. 

ABB on Tuesday informed the bourses that it has won its largest traction equipment order in India worth Rs 270 crore for train technology from the Indian Railways.