Interestingly, the RSI has also given a neckline breakout of inverted head & shoulders pattern, which is a very bullish sign. The stochastic is also suggesting a bullish momentum as the fast stochastic line is trading below its slow stochastic line.

On Friday, the domestic markets remained volatile swinging between red and green zones. A choppy afternoon session resulted in Sensex declining by 110.02 points or 0.25 per cent to settle at 44,149.72 levels while Nifty fell by 18.05 points or 0.14 per cent to close at 12,968.95 levels.

Bharat Heavy Electricals Limited (BHEL) has successfully manufactured and tested (short circuit) India’s highest rating auto transformer at National High Power Test Laboratory (NHPTL), which is at Bina in Madhya Pradesh. This is a new benchmark in the global transformer industry.

Tube Investments of India (TII) announced that it has completed the acquisition of CG Power & Industrial Solutions. As a result, on Friday, the shares of CG Power locked in at its upper circuit of Rs 41.15 per share.

The market opened flat on November 27, 2020.

The market opened flat on November 27, 2020, overall volumes in futures & options currently stand at 9,02,88,871 contracts with a turnover of Rs. 72,57,499.09 crore.

The market opened flat on November 27, 2020, overall volumes in futures & options currently stand at 9,02,88,871 contracts with a turnover of Rs. 72,57,499.09 crore.

Adani Transmission acquired a 49 per cent stake in Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd (KPTL). Reacting to this, the company’s stock jumped by around 5 per cent on BSE today.

The bank has written down the bonds (Series VIII – Rs 78.10 crore, Series IX – Rs 140.10 crore, and Series X – Rs 100 crore) aggregating to Rs 318.20 crore. The Tier 2 Bonds issued under Series VII (Option B) amounting to Rs 50.50 crore will continue as a liability in the books of DBS Bank India Limited.

A strong comeback by the bulls without a follow through on the downside to the bearish engulfing pattern is hinting that the index may be sketching out a new trading range between the levels of 12,780-13,145.