Nifty May correct up to the level of 11,600, which is 50 per cent retracement level and also the low of May 20 session. In any case, if these levels do not hold, there is a probability of filling the gap of May 20. Stocks in news: Reliance Industries, Biocon, InterGlobe Aviation, Hero Motocorp, Tech Mahindra.

After a black Monday for the Indian markets where Nifty and Sensex cracked sharply, the SGX Nifty indicates that there is nothing really to worry about for the markets at least at the opening bell. The SGX Nifty is trading with an uptick of 22 points at the 11,720 level.

The promoter's group of Himatsingka Seide Limited announced that the company has released all its pledged shares.

The stock of Titan Company formed Three Outside Down candlestick pattern on the daily time frame. Three Outside Down pattern is representing the confirmation of the Bearish Engulfing pattern, can only show the success of the forecast of the appropriate Engulfing pattern.

The stock of Apollo Tyres Limited has given downwards sloping trendline breakout on daily time frame along with robust volumes. With this, the stock had formed one white soldier candlestick pattern.

The benchmarks indices experienced downward pressure on the first trading day of the week as negative sentiments gripped the market on Monday. Metal stocks followed by private banks pulled down the indices the most.

As the Sensex fell by around 500 points on Monday, the market is poised for an interesting trading session on June 18. Here are some stocks to follow on June 18; Cadila, Canara Bank, TATA Consultancy Services, Varun Beverages and Himatsingka Seide.

Piramal Enterprises has sold its entire holding in Shriram Transport Finance to third-party investors. Piramal had a direct investment of 9.96 per cent in the fully paid-up share capital of Shriram Transport.

Leading pharma company announced that its manufacturing plant located at SEZ, Ahmedabad has received an EIR from the US drug regulator.

Following stocks are close to their 52-weeks low as at 2:59 p.m. on June 17, 2019.