Here's what Jigar S Patel of Anand Rathi Shares & Stock Brokers recommends investors should do with these stocks when the market resumes trading today: The trading volume was robust and the stock has seen a breakout of downward sloping resistance trendline adjoining highs of Augand March 9, 2023.

Indian Energy Exchange shares rose more than 4 percent to Rs 151.45 and formed bullish candlestick pattern on the daily charts, with making higher high higher low formation. The volumes remained strong for yet another session, with the stock trading above all key moving averages. GMR Airports Infrastructure was also in focus, climbing nearly 5 percent to Rs 41.35 and formed long bullish candle on the daily charts with making higher high higher low formation. The stock has recouped most of its losses seen since March 3, with trading above all key moving averages (9, 21, 50, 100 and 200-day EMA). Stocks that performed better than broader markets included KPIT Technologies which surged 9 percent to Rs 847 on the NSE and formed robust bullish candle on the daily charts with healthy trading volumes. The Nifty Midcap 100 index rose 0.07 percent and Smallcap 100 index climbed 0.4 percent. However, there was outperformance in the broader markets thought the breadth was tilted in favour of bears. The index remained below 200-day EMA (17,567) as well as 200-day SMA (17,447) for fourth straight session.

The BSE Sensex was down 344 points at 57,556, while the Nifty50 dropped over 70 points to 16,972 and formed long bearish candlestick pattern on the daily charts. The Indian stocks succumbed to the selling pressure for fifth day in a row due to decline in most of sectors barring metal and pharma. The correction led by steep fall in European banks following Silicon Valley Bank fallout dragged the market down to more than five-month low on March 15.

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