Index trend and stocks in action May 12, 2017

On Thursday, Nifty opened the session with a gap up opening and made an attempt to move up during the early part of the trading session. Later on, it shifted into a sideways range and during the second half of the trading session weakness emerged and the market closed flat off the day high of 9464. On the daily chart, Nifty formed a small body negative candle at the all-time high level.  Now going forward the zone of 9360-9380 is likely to act as a strong support zone for the Nifty. While on the upside resistance is likely to come at around levels of 9450 and if it holds above 9450 it's likely to scale up to levels of 9500.

TVS Motor Company: TVS Motor Company, a leading two and three-wheeler manufacturer globally, announced its alliance with MASESA (Mayor Servicios Socieda Anonima), a Guatemala-based company that is a leader in the commercialisation of motorcycles and Tuk Tuks in the Central American region.

Vakrangee: Vakrangee announces an alliance with Indian Railway Catering and Tourism Corporation Limited (IRCTC) for offering Railway E-Tickets booking through Vakrangee Kendras.

Reliance Infrastructure: Delhi Airport Metro Express Private Ltd (DAMEPL), an associate of Reliance Infrastructure announced that it has been awarded compensation of Rs 2,950 crore by a three-member Arbitration Tribunal in a unanimous decision. The tribunal was constituted from a panel nominated by DMRC.