DSIJ Mindshare

GE Power India Limited has bagged a contract worth Rs 291.9 crore from Megha Engineering & Infrastructures Limited (MEIL).

The stock of Granules India Limited has bounced back from the edge of the rising trendline support that is formed by connecting the swing lows from March 2020 and coincides with the 13-day EMA level. The reversal from the support is further justified with strong volumes.

Ambuja Cements Limited has given a downward sloping trendline breakout, formed by connecting swing highs from June 2020. This breakout is confirmed by the above 50-day average volumes.

Indian markets may remain under pressure at the opening bell as negative sentiments prevailing among the global peers might affect the Indian markets. As TCS managed to post a positive top line growth despite pandemic challenges and also the management sounded bullish about the company prospects, markets might get some relief from TCS earnings and management commentary.

The level of 10,848-10,880 is a crucial resistance zone for the bulls and momentum is likely to be seen only if the bulls cross this hurdle. On the downside, a weakness could be seen if Nifty slips below the level of 10,676. Stocks in news: PNB, GAEL, Reliance Industries, Seamec, Tata Motors.