Talking about the crucial levels to watch out in the coming week, the zone of 31,440-31,650 on the upside will be a major hurdle for the index. While, on the downside, the zone of 30,810-30,630 will be a crucial support for the index as it is the confluence of 50 per cent Fibonacci retracement level of its prior upward move (29,612.55-31,649.45) and 100-day EMA level.

The stock of Pfizer Limited has formed a shooting star candlestick pattern on the weekly time frame. The shooting star candlestick formation is viewed as a bearish reversal candlestick pattern, which typically occurs at the top of an uptrend.

The result season of December quarter has almost ended. Here is a list of Nifty constituents which are top revenue & Profit after Tax (PAT) earners of this quarter.

The stock of Bhageria Industries Limited has given a downward sloping trendline breakout on the weekly time frame, which is formed by connecting swing highs from November 2016. This breakout was confirmed by above 50-week average volumes. 

Adani Transmission Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

. On the other hand, indices were dragged by few heavy weights such as IndusInd Bank, M&M, Tata Steel and Coal India, which ended the week down by 9.44 per cent, 8 per cent, 7.8 per cent and 5.5 per cent, respectively.

Adani Enterprises’ three wholly-owned subsidiaries namely, Adani Ahmedabad International Airport Limited, Adani Lucknow International Airport Limited and Adani Mangaluru International Airport Limited have signed a concession agreement today with Airports Authority of India (AAI) for the operations, management and development of Ahmedabad (Gujarat), Lucknow (Uttar Pradesh) and Mangaluru (Karnataka) airports, respectively.

Sensex on Friday opened higher and was trading firmly when Supreme Court ordered the telecom companies to deposit Adjusted Gross Revenue (AGR) dues worth Rs 1.47 lakh crore by March 17, 2020. Post the announcement, there was a sudden fall in the equity markets.

The shares of Vascon Engineers were trading in green on Friday after the company announced that it had received a Letter of Acceptance (LoA) for a work order amounting to Rs 131.53 crore from Mumbai Metro Rail Corporation (MMRC), a joint venture of the Government of India (GOI) and the Government of Maharashtra.

The company in its press release stated that it has received its board’s approval for the expansion plans by way of investment of Rs 700 crore in Polyester Film Line-1 and BOPP Film Line-9.