We expect Nifty to trade in the range of 12,700-13,145 in the coming week. Meanwhile, traders would be better off focussing on a stock-specific approach.

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Ashok Leyland has teamed up with Hitachi ABB Power Grids listed as ABB Power Products & Systems India Ltd along with Indian Institute of Technology Madras (IITM) for an e-mobility pilot.

Considering the daily timeframe, the stock of Indiabulls Real Estate has given a pennant pattern breakout on the daily timeframe. The height of the pennant’s pole is almost 16 points. This breakout was confirmed by the robust volumes.

Interestingly, the RSI has also given a neckline breakout of inverted head & shoulders pattern, which is a very bullish sign. The stochastic is also suggesting a bullish momentum as the fast stochastic line is trading below its slow stochastic line.

On Friday, the domestic markets remained volatile swinging between red and green zones. A choppy afternoon session resulted in Sensex declining by 110.02 points or 0.25 per cent to settle at 44,149.72 levels while Nifty fell by 18.05 points or 0.14 per cent to close at 12,968.95 levels.

Bharat Heavy Electricals Limited (BHEL) has successfully manufactured and tested (short circuit) India’s highest rating auto transformer at National High Power Test Laboratory (NHPTL), which is at Bina in Madhya Pradesh. This is a new benchmark in the global transformer industry.

Tube Investments of India (TII) announced that it has completed the acquisition of CG Power & Industrial Solutions. As a result, on Friday, the shares of CG Power locked in at its upper circuit of Rs 41.15 per share.

The market opened flat on November 27, 2020.