DSIJ Mindshare

Overall volumes in futures & options currently stand at 79.74 lakhs contracts with a turnover of Rs. 5,77,910.85 crore.

The stock of Heidelbergcement India Limited gives consolidation breakout on the daily scale along with robust volumes. Additionally, the stock formed a sizeable bullish candle on the breakout day, which adds strength to the breakout.

The all-time high level of 11,856 will be closely monitored by the traders as sustaining above this level would further strengthen the bulls and the gates for the level of 12,000 would open up. On the downside, the level of 11,750 would be a crucial support for the Nifty. Stocks in news: PC Jeweller, ICICI Bank, GAIL, Adani Green Energy, Dynamic Cables, Panacea Biotec, Indostar Capital Finance.

The outlook for the day is a flat start as the global cues are not supportive. There was heavy selling across the US and European markets on account of the worsening trade situation and the escalating Middle-East crisis. At the time of writing, SGX Nifty was up by 6 points at 11,871. The quarterly numbers on tap are Bharat Financial Inclusion, Crompton and DLF.

The stock of Hindalco Industries has given falling wedge pattern breakout on the daily time frame. Additionally, the stock had formed a sizeable bullish candle on the breakout day, which adds strength to the breakout.