Index Trends And Stocks In Action June 11, 2015

The Indian equity markets snapped its losing streak and ended above important level of 8100. In fact, the longest losing streak since March, 2015. The end of the day action has formed Morning Doji star candlestick pattern, this pattern is strong reversal pattern and do not require further bullish confirmation. Now going forward major hurdle for the index on the upside is in the zone of 8240-8265. Only if the index sustains above this level expect further rally towards levels of 8300-8380. On the downside crucial support for the index is placed around 8050.

HUL: FMCG major Hindustan Unilever has decided to recall its Chinese range of “Knorr” instant noodles from the market pending product approval from the central food safety regulators FSSAI.

Sun TV: The Madras High Court dismissed petitions by Sun TV and Kal comm which had sought to grant a stay on the attachment of its assets by Enforcement Directorate (ED) in connection with Aircel-Maxis case.

Aurobindo Pharma : Drug firm Aurobindo Pharma intends to invest up to Rs 900 Crore this fiscal on various activities including capacity expansion, clinical trials and product filings.

Adani Port: Promoters of Adani Ports and Special Economic Zone (APSEZ) have increased their stake in the company to 56.26%. The ten promoters, including Gautam Adani, Rajesh Adani and Adani Properties, have together acquired 56.25% equity of the APSEZ, the company said in a filing to the BSE.