At a meeting, the Board of Directors of Gujarat Alkalies and Chemicals approved the expansion of its existing Caustic Soda plant from 785 MTPD to 1310 MTPD. This plant is located at located at Dahej Complex.

The Board Directors of MRF Limited approved to raise funds by issuing Non-convertible Debentures on private placement basis, aggregating to approximately Rs. 102 crores in one or more tranches.

The Friday session’s low is a crucial level to watch out in the coming session as a close below this level would result in further decline. On the upside, the last week’s high of 12,034 is likely to continue to act as a resistance level. Stocks in news: Vimta Labs, NTPC, Narayana Hrudayalaya, TTK Prestige, Laurus Labs, Lupin, Credit Access Grameen.

The early indications from the SGX Nifty, which is flashing red, suggest that the selling pressure is likely to continue today. The global rating agency, Moody’s Investors Service, has dampened the sentiments on D-Street by lowering its view from ‘stable’ to ‘negative’ on the top Indian companies, including SBI, HDFC Bank, Infosys, TCS, BPCL, and several others.

The following stocks will be in focus during Monday’s trading session in light of their results announcements: JK Cement, NTPC, Oil India, Meghmani Organics and Amara Raja Batteries.

The stock of Hindustan Unilever has formed a Three Outside Down candlestick pattern on the daily timeframe.

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

uto stocks, such as Tata Motors, Ashok Leyland, Eicher Motors, Escorts, and Maruti, rose as much as 23 per cent to 38 per cent. The auto ancillary stocks, too, rallied on the sentiment to give more than 11 per cent returns since September 19 to November 7 this year. 

The stock of DLF Limited has given a downward sloping channel breakout on the weekly timeframe. This breakout was confirmed by above 50-week average volumes.

The stock of Max Financial Services Limited (MFSL) has given A Symmetrical Triangle breakout on the weekly timeframe with massive volumes - the highest buying volumes recorded after June 02, 2017.