The 14-period RSI on the daily timeframe is in bullish territory. Furthermore, in the recent sideways phase the RSI never breached its 60 mark, which indicates that the stock is in a super bullish range as per RSI range shift rules.

The stock of HDFC Life Insurance Company Limited has given a breakout of Inverted Head and Shoulders pattern on the daily timeframe. This breakout was confirmed by the more than 50-day average volumes.

The stock of Bharat Petroleum Corporation Limited has formed a Bearish Engulfing candlestick pattern on the daily timeframe. The Bearish Engulfing Candlestick pattern is considered to be a bearish reversal pattern and usually occurs at the top of an uptrend.

On Tuesday, the first full day trading session of the new year, Sensex gained by 314.73 points or 0.72 per cent to close at 43952.71 levels while Nifty rose by 93.95 points or 0.74 per cent to settle at 12874.20 levels.

The market opened in green on November 17, 2020.

The market opened in green on November 17, 2020, overall volumes in futures & options currently stand at 33,24,896 contracts with a turnover of Rs. 2,57,976.92 crore.

The market opened in green on November 17, 2020, overall volumes in futures & options currently stand at 33,24,896 contracts with a turnover of Rs. 2,57,976.92 crore.

The Indian markets logged a fresh high record closing in the short one-hour Diwali Muhurat trading session on Saturday. Though the Diwali festive is behind us, but the bulls are likely to continue their fireworks On Tuesday as the global peers are trading buoyant after the news emerged that Moderna’s vaccine candidate has proven to be 94.5 per cent effective in preventing Covid-19 infection.

The next target which looks likely to be achieved is around levels of 13,000-13,200 and on the downside major support is seen around 12,350 as long as the index is above this level the structure of the markets would remain healthy.

Ahead of Muhurat Trading session, the domestic benchmark indices closed in the green on Friday. Sensex gained by 85.81 points or 0.20 per cent to settle at 43,443 levels while Nifty closed up by 29.15 points or 0.23 per cent at 12,719.95 levels.