Index trend and stocks in action March 29, 2017

On Tuesday, Nifty opened the session on a positive note, and it continued its upward momentum, however, during the mid afternoon session, profit booking emerged, but fierce buying in the last hour of the session helped the index to close at the 9100 mark. On the daily chart, a small body positive candle has been formed, which is indicating bulls are regaining strength after a correction. Now going forward, Nifty has immediate resistance placed around levels of 9125-9135, and if it manages to sustain above this level, the next level to watch out for would be around 9160. On the downside, important support for the Nifty is around levels of 9060 and next support around 9000.

TCS: IT major TCS partnered with Discovery Education, a digital education content provider, to launch an initiative to transform US education by embedding computational thinking and problem solving into core school subjects. Announces launch of 'Ignite my Future in School,' a multi-million dollar initiative to transform education in America. 

Om Metals: Bags letter of intent from IndraSagar Project, from the Narmada Valley Development Authority. Order for supply and laying of pipelines on the right bank of the Upperveda Project.

V-Guard Industries: Gets in-principle approval to acquire majority stake in the equity stake of GUTS Electro-Mech Ltd., a Hyderabad-based company.

PNB Housing: Quality Investment Holdings acquires 6.21 crore shares or 37.55 percent stake from Destimoney Enterprises.

Persistent Systems: To provide integration and implementation services to support customers using Amazon Connect, a new cloud-based customer contact centre from Amazon Web Services.