If the RSI move above the 63 levels and the Nifty closes above the 12,150 mark, the next target on the upside will be about 12,300 in the short term. On the downside, 11,980 is an immediate support level followed by a major support level, placed at 11,800 mark. Stocks in news: Granules, PNB, United Breweries, Sun Pharmaceutical, Reliance Industries, Adani Transmission, Ashiana Housing.

Good morning and welcome to a new week! In the second half of the last week, the markets surged higher on the back of multiple cues. The principal factor, which drove the markets across the world, was the ‘phase one’ of the US-China trade deal. However, on Monday morning, the cues from the global markets seem to be subdued and the SGX Nifty indicates a mild pullback from higher levels at the start, as the index trades about 15 points lower at 12,134 levels.

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

The stock of ACC Limited has formed Three Inside Up candlestick pattern on the daily scale. The three Inside Up pattern is indicating the confirmation of the Bullish Harami Pattern, which shows the success of the forecast.

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

The stock of Kotak Mahindra Bank Limited has formed a Dark Cloud Cover candlestick pattern on the daily scale. Recently, the stock had given breakout of downward sloping trendline resistance at Rs 1,630 on December 02, 2019 and thereafter, the stock saw almost 5.52 per cent upward move in eight trading sessions.

Considering the weekly time frame, the stock of Thermax limited has bounced back from the edge of the upward sloping trendline support that was formed by connecting the swing lows since May 2016. The reversal from the support is further justified with strong volumes.

Mahindra Mutual Fund has launched a new open ended equity scheme ‘Mahindra Top 250 Nivesh Yojana’. Read on to know more.

On Friday, Sensex ended 428 points (1.05 per cent) higher as well as the Nifty ended 114.90 points (0.96 per cent) higher. Whereas, the broader indices represented by the NSE Nifty 500 Index closed higher by 0.95 per cent.

Mastek announced that it had confirmed the partial sale of its legacy holding in Majesco USA. An initial lot of 20,00,000 shares were sold for USD 15.94 million and the remaining 30,44,875 shares are intended to be sold in future.