DSIJ Mindshare

Overall volumes in futures & options currently stand at 1.14 crore contracts with a turnover of Rs. 6,87,035.88 crore.

Overall volumes in futures & options currently stand at 1.14 crore contracts with a turnover of Rs. 6,87,035.88 crore.

Going ahead, a move above the hammer’s candle high, i.e. 10,741, would lead to an extended rally towards the level of 200-day moving average, which is placed at 10,787, followed by 10,850. Stocks in news: Reliance Industries, BHEL, Future Lifestyles Fashions, NHPC and Titan.

Indian equity indices are expected to kick-start the week with a gap-up opening following the rally on the Wall Street on Friday and both the US and China expressing optimism ahead of new round of trade talks. The SGX Nifty suggests that Nifty may witness a gap-up opening of 0.97 per cent around the level of 10,883.  
  

With less than a month left for the budget the market seems to be waiting for a little something from the last budget of the first Modi government, although this budget is expected be more of promises than any new policy.