DSIJ Mindshare

Overall volumes in futures & options currently stand at 1,38,67,154 contracts with a turnover of Rs.9,81,157.78 crore.

The stock of Bharat Financial Inclusion Ltd forms one white soldier pattern on the weekly time frame. The one White Soldier pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

The stock of Raymond Limited has given downward sloping trendline breakout on weekly scale. The breakout was supported by strong volumes.

The level of 11,880 is likely to act as an immediate resistance; however, sustaining above the level of 11,880 would open up gates for all-time high levels of 12,041. On the downside, the last week low of 11,592 is likely to act as a strong support zone for the index and, as long as the index stays above this zone, it will pave the way for the index to reach the level of 12,200 in the short-medium term. Stocks in news: Info Edge, IDFC, V-Mart Retail, Salzer Electronics, Khadim India, Manpasand Beverages.

At the time of writing, SGX Nifty is trading at 11,852 level, down by 25 points. Adani Port, BHEL, Colgate Palmolive, GAIL, INDIGO, KSCL, OIL and ZEEL are some of the key results to remain in focus today.