DSIJ Mindshare

The Indian markets go into Wednesday’s session with a head start as SGX Nifty suggests that Nifty may open above the 11,000 mark. It would be very crucial to watch the price behaviour around this level as the index has been seen resisting multiple times near about this level.

On Tuesday, the stock has given breakout of downward sloping trendline along with robust volumes.

The January month auto sales number continued the negative trend from the last few months to hamper investors sentiments. The sales number across the board lost steam as NBFCs faced liquidity crunch.

Change is inevitable and necessary part of life and when it comes to the stock market, change is also the most important event. In 2017, the buzzwords were budget, bull run and all-time highs, while now its uncertainty, elections, trade-war, etc. 

The stocks that are likely to witness significant movement on the bourses on February 6 are Tech Mahindra, Lupin, India Power Corp, Kirloskar Brother’s and Jubilant Foodworks.