Indian benchmark indices settled lower extended their weakness for another trading session and settled lower on Wednesday due to muted global cues. Traders continued to book profits over valuations concerns ahead of Q2 earnings. BSE Sensex dropped 386.47 points, or 0.47 per cent, to settle at 81,715.63, while NSE's Nifty50 tanked 112.60 points, or 0.45 per cent, to close at 25,056.90 for the day.

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Select buzzing power stocks including Bharat Heavy Electricals (BHEL), Adani Power and Tata Power Company are likely to remain under the spotlight of traders for the session today. Here is what Laxmikant Shukla, Senior Technical Analyst at YES Securities has to say about these stocks ahead of Thursday's trading session:

Tata Power Company | Caution | Resistance: Rs 400 | Support:

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