Overall volumes in futures & options currently stand at 72.28 lakhs contracts with a turnover of Rs. 4,97,595.29 crore.

Considering the daily time frame, the index has formed a reversal hanging man candlestick pattern. Additionally, the sectoral sentiment indicators suggest extreme overbought for the index as all the stocks are trading above its 200-day simple moving average, which suggest index is likely to witness some consolidation in coming days.

The Friday’s session low of 11,570 is very crucial for the bulls, as holding about this level would enable Nifty to challenge its record high level of 11,760. On the other hand, a failure to hold this support would invite some profit-booking, in which case the level of 11,520 may provide support. Stock in news: Welspun Corp, Cipla, Titan, Jindal Drilling and Industries, Inox Leisure, Tata Motors, EIH Associated Hotels, Mahindra and Mahindra, SRF.

As per early indications from the SGX Nifty, the Friday happy ending is likely to continue on the bourses. It is going to be a buoyant start to the new fiscal as, at the time of writing, the SGX Nifty was up by 51 points at 11,727. Traders will keep an eye on auto sales figures for the month of March, which will start coming in from today. Also, India’s infrastructure  output for the month of February and the external debt are scheduled to be announced today.

Bharat Heavy Electricals has given a downward sloping trendline breakout formed by connecting swing highs from October 2010, considering the weekly time frame. The breakout was supported by robust volumes. Additionally, the stock formed a sizeable bullish candle on breakout day, which adds strength to the breakout.

The stock of Delta Corp has formed a bearish engulfing candle after touching downward sloping trendline resistance and it coincides with the double top zone of Rs. 265.90 - 265.50 which suggests bears are taking control near the short-term resistance zone.

Marico Ltd was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout. The Bollinger Band squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. A volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. 

It might be hard to believe, but four IPOs of FY2018-19 beat the benchmark indices in terms of returns, Fine Organic is one of them. Read on to know more...

The stocks that are likely to witness significant movement on the bourses on April 1 are Kalapataru Power Transmission, Indico Remedies, Cadila Healthcare, GAIL & BHEL and L&T 

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