Overall volumes in futures & options currently stand at 1,38,67,154 contracts with a turnover of Rs.9,81,157.78 crore.

The stock of Bharat Financial Inclusion Ltd forms one white soldier pattern on the weekly time frame. The one White Soldier pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

The stock of Raymond Limited has given downward sloping trendline breakout on weekly scale. The breakout was supported by strong volumes.

The level of 11,880 is likely to act as an immediate resistance; however, sustaining above the level of 11,880 would open up gates for all-time high levels of 12,041. On the downside, the last week low of 11,592 is likely to act as a strong support zone for the index and, as long as the index stays above this zone, it will pave the way for the index to reach the level of 12,200 in the short-medium term. Stocks in news: Info Edge, IDFC, V-Mart Retail, Salzer Electronics, Khadim India, Manpasand Beverages.

At the time of writing, SGX Nifty is trading at 11,852 level, down by 25 points. Adani Port, BHEL, Colgate Palmolive, GAIL, INDIGO, KSCL, OIL and ZEEL are some of the key results to remain in focus today.

New Fund Offers (NFOs) that are open for subscription.

The stocks that are likely to witness significant movement on the bourses on May 27 are JSW Steel, Omaxe, Salzer Electronics, Page Industries and Gruh Finance.

Salzer Electronics Limited has entered into a share purchase agreement for acquisition of shares representing 72.32 per cent stake in Kaycee Industries Limited from its principal promoter Universal Trust Private Limited.

The market experienced volatility during the early hours of trade on Friday, during the morning half market saw choppy trading, but as the day progressed the market breath was in favour of advances. ICICI Bank contributed most to the index gains, followed by L&T, HDFC Bank and SBI.

The backdrop of rising US oil inventories and concern over economic slowdown weighed on the oil prices resulting in Brent Crude oil losing most in calendar year 2019. On Thursday, Brent Crude fell nearly 5 per cent and ended at US$ 67.76 per barrel.