DSIJ Mindshare

The Friday’s session low  of 11,770 is likely to play out as a crucial support level and failure to hold this support could lead to correction towards the next major support levels of 11,600-11,650. Holding above the 11,770 level would keep pullback option open towards 12,000-12,100. Stocks in news: MOIL, M&M, TVS Motor, Kotak Mahindra Bank, Maruti Suzuki India, Atul, Bharat Forge, Trigyn Technologies, CG Power and Industrial Solutions.

The set-up is perfect and the Monday morning promises a smiling start for the markets with positive cues from the Asian peers and arrival of rains in many parts of the country over the weekend. It gives bulls a firm pitch to bat on.  In the early action, SGX Nifty was trading higher by 57 points at 11,954 levels.

After a busy week, the stocks to keep a watch on for Monday, June 10 include Manappuram Finance, Bharat Forge, L&T, DHFL and Ramky Infrastructure.

We conducted in-depth research and found what this long-term means and what is the average return that you generated during this period.

The stock of Hindustan Petroleum Corporation has formed Dark Cloud Cover candlestick pattern on the weekly scale.