Now the support has shifted towards 11,310-11,250 zone. Unless Nifty closes below these levels, continue the long positions with a trailing stop-loss. Stocks in news: Reliance Industries, IRB Infrastructure Developers, Indiabulls Real Estate, Jubilant Life Sciences, Dilip Buildcon (DBL), TCS, Wipro.

The Nifty closed above the sturdy wall of resistance with a strong bullish candle in the last trading session. With the S&P 500 and Nasdaq registering a record high closing at Wall Street in overnight trade, brightened the possibility for the bulls to carry on the bullish momentum on D-Street today as well.

The consolidated net sales reported in Q1FY21 came in at Rs 522.53 crore, which declined by 1.54 per cent YoY from Rs 530.72 crore in Q1FY20.

On Tuesday, the stock has given a downward sloping trendline breakout on the daily timeframe, formed by connecting swing highs from July 20, 2020. This breakout is confirmed by the above 50-day average volume.

The company reported consolidated net sales of Rs 1312.03 crore in Q1FY21, which declined by 34.66 per cent YoY from Rs 2008.12 crore in Q1FY20.

Jump Networks Limited (JUMPNET), a technology firm providing next-gen digital services on ultra-low bandwidth, announced after trading hours on Monday that it is all set to invest and capitalise on a partnership with MOS Utility Private Limited (MOS) to build it into one of the leading fintech companies in India.

Considering the daily timeframe, the stock has given a bounce from the edge of the lower trendline support of the rising channel. The reversal from the support is confirmed by the above 30-day average volumes.

On Tuesday, it was green all along for Sensex with the key benchmark index gaining more than 477 points to close at 38528 levels thus registering 1.26 per cent gains. Nifty closed at 11385 levels, up by 138 points or 1.23 per cent.

Nucleus Software Exports Limited announced on Tuesday that it will power digital lending transformation at India’s leading non-banking financial company (NBFC), Muthoot Fincorp Limited.

Nucleus Software provides lending and transaction banking solutions to the global financial services industry. It has clients in over 50 countries.

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