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JSW Energy has seen robust breakout after more than three weeks of consolidation and jumped 8 percent to Rs 314, forming strong bullish candlestick pattern on the daily charts with multi-fold jump in volumes.

A conclusive break above the 19,700 levels on Nifty, especially on a closing basis, would potentially open the path for further upward movement, with an eye towards the 20,000 mark.

Short term trend of the Nifty turned positive as Nifty has closed above its 5 and 20-day EMA.

Finolex Cables shares climbed nearly 7 percent to Rs 1,075 and formed long bullish candlestick pattern on the daily charts, with above average volumes. The stock traded well abvoe all key moving averages.

Most analysts are confident about Indian Bank’s growth prospects due to lower provisions, healthy NII growth and well-diversified loan book.