When it comes to performance of mutual funds people are more serious about it. So much serious that they are even ready to ignore other factors. So let’s find out how MFs did in the year 2018.

On the daily time frame, currently the stock is placed right at the edge of a multi touch point downward sloping trendline resistance formed by joining the swing highs from early May 2018 and it coincides by its long-term moving average, i.e. 200-day SMA.

Bank Nifty formed an outside bar resembling a Bearish Engulfing pattern on the daily time frame,which indicates that the bears were in dominant position.

CAPF has recently given downward sloping trendline resistance breakout and formed sizable bullish candle above trendline resistance, on the weekly scale. The breakout was supported by justifiable volumes. The stock is likely to touch levels of Rs. 670, followed by Rs. 720 in the coming weeks.

After the gap-up opening on Monday, stock has managed to extend its jubilant run for the fourth consecutive day. The stock on the way up managed to breakout of the downward sloping trendline formed by connecting swing highs from May 2018. The breakout was supported by justifiable volumes.

Crude oil hits a low of US$54.28 per barrel, tumbling 5 per cent to its lowest price since mid-September of 2017.

Texmaco Rail & Engineering has received an order for 1621 wagons valuing approximately worth Rs. 500 crore. The company has received the said order against the recent Railway tender for wagons issued by the Indian Railways.

The stocks most likely to witness significant movement on the bourses on December 24 are Unichem Laboratories, CMI, Info Edge (India), Sun Pharma and PVR.

Following stocks are close to their 52-week low as at 2.56 p.m. on December 21, 2018.

The markets on December 21, 2018 opened down. BSE Sensex is trading at 35,811.35, down by 620.32 points and the Nifty is trading at 10,767.60, down by 184.10 points.