With the recent rise and narrowing range bars, we would advise the traders to follow a strict trailing stop-loss for the long position as there is no signal for short-selling unless the index closes below the prior bar and forms a lower high. Stocks in news: CG Power & Industrial Solutions, Reliance Industries, Cyient.

Early trends in SGX Nifty indicates a strong opening of the week for the markets. 

The company reported consolidated net sales of Rs 217.73 crore in Q1FY21, which declined by 52.99 per cent YoY from Rs 463.19 crore in Q1FY20.

The company reported consolidated net sales of Rs 475.2 crore in Q1FY21, which declined by 45.26 per cent YoY from Rs 868.14 crore in Q1FY20.

Reliance Industries Ltd and Future Group announced that the former is acquiring the Retail & Wholesale business and Logistics & Warehousing business of the latter on slump sale basis for lumpsum aggregate consideration of Rs 24713 crore.

The company reported consolidated net sales of Rs 522.93 crore in Q1FY21, which declined by 37.98 per cent YoY from Rs 843.22 crore in Q1FY20.

New Fund Offers (NFOs) that are open for subscription.

Net interest income (NII) stood at Rs 53.33 crore as against Rs 400.82 crore it reported in Q1FY20. A decline of 86.7 per cent YoY.

The company reported consolidated net sales of Rs 1092.81 crore in Q1FY21, which declined by 28.32 per cent YoY from Rs 1524.51 crore in Q1FY20.

On Friday, the markets were dominated by the banks. Sensex managed to close at 39467.31 up by 353.84 points or 0.90 per cent. Nifty closed at 11655.25, up by 96 points or 0.83 per cent.