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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

"We are already in the midst of a good investment cycle unfolding in India supported by a strong post-Covid demand resurgence that has taken capacity utilization levels to new highs. With bank and corporate balance sheets now in relatively better shape, we think this cycle can maintain strength," says Taher Badshah.

"Amongst the IT pack, Coforge has been the leader in terms of gains, up 10.49% WoW, with other IT stocks gaining around 4%-5% WoW. This clearly reflects the view that investors are getting comfortable with the IT space once again, but here I would like to highlight the fact most of the IT stocks barring Persistent, are trading very close to their crucial resistance zones, so it might be a good idea to book some profits."

A key rate decision from China meanwhile took centre stage in Asia, where expectations are for Beijing to leave lending benchmark rates unchanged at a monthly fixing on Monday.

Benchmark U.S. 10-year Treasury yields edged up to 4.4647% after dropping to a two-month low, decreasing the appeal of non-interest bearing gold.

The Black Friday sales will test the pulse of the consumer-driven U.S. economy this week, while the Thanksgiving holiday will make for thin markets.

The weakness on Friday was largely due to the selling pressure in the banking and financial services sector following the Reserve Bank of India’s move to tighten rules on unsecured consumer loans.

The plea said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023. It said on August 25, 2023, SEBI filed the status report regarding its investigation stating that overall it has done 24 investigations, out of which 22 investigations have achieved finality and two are of interim nature.