These stocks included Just Dial, The Ramco Cements Oberoi Realty , Sono Koyo Inox Leisure , GE Power and City Union Bank The equity indices extended their gains for the eighth consecutive session on Monday. The short-term trend had a positive bias, suggesting that the next leg of rally may be in the offing, analysts said.The Nifty50 has been forming higher highs for the past five consecutive sessions. It has to continue to hold above 10,350 to witness a rally towards 10,450 and 10,500 levels. On the downside, the 10,340 and 10,320 levels are likely to remain key supports, said Palviya.A close look at the chart of Ashok Leyland shows whenever the MACD line has crossed above the signal line, the stock has always shown an upward momentum and vice versa. Shares of the company closed 4.43 per cent higher at Rs 123.65 on November 27.

Source: Economic Times November 28, 2017 05:03 UTC