The outlook for the day is a flat start as the global cues are not supportive. There was heavy selling across the US and European markets on account of the worsening trade situation and the escalating Middle-East crisis. At the time of writing, SGX Nifty was up by 6 points at 11,871. The quarterly numbers on tap are Bharat Financial Inclusion, Crompton and DLF.

The stock of Hindalco Industries has given falling wedge pattern breakout on the daily time frame. Additionally, the stock had formed a sizeable bullish candle on the breakout day, which adds strength to the breakout.

The stock has strong support in the zone of Rs. 1,400 - 1,373 as it has an unfilled upside gap which was formed on May 20, 2019. While on the upside, the 20-day EMA is likely to act as immediate resistance, which is currently placed at Rs. 1,515 level.

Market rallies to record closing highs on pollsters predication that the ruling NDA will retain power. With only three days left for the poll results, positive investor sentiments fuelled Sensex and Nifty to close Monday's trading session at record highs, up 3.75 and 3.69 per cent respectively, which is the biggest gain since 2009.

The stocks that are likely to witness significant movement on the bourses on May 21 are Lumax Auto Tech, TV Today, Rishab Special, Shree Pushkar Chemicals and Bosch.

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Following stocks are close to their 52-weeks low as at 12:50 p.m. on May 20, 2019.

The markets on May 20, 2019 opened gap up. BSE Sensex is trading at 39,048.63, up by 1117.86 points and the Nifty is trading at 11,736.90, up by 329.75 points. 

PNC Infratech’s wholly-owned subsidiary company, PNC Delhi Industrialinfra has received the realization of Rs. 145.63 crore on Friday from Delhi State Industrial & Infrastructure Development Corporation (DSIIDC).

Indian equity markets are on Cloud 9 after exit polls predicted that the ruling NDA will stay in power and BJP's Narendra Modi will get a second term at office.