Index trend and stocks in action May 25, 2017

On Wednesday, Nifty started the session on a positive note and thereafter it extended its gains. However, it slipped in negative terrain as sudden selling emerged in the afternoon session and finally ended the session with a loss of 0.27 per cent. In the last three sessions nifty index has formed lower highs and lower lows. It also breached its important support formed by joining trend line from lower levels of 7893.80. Now going forward Nifty has support placed around levels of 9320 and if this support is breached it's likely to witness a fall up to levels of 9270 where it can take support. However, on the upside, the zone of 9410-9430 is likely to act as an immediate resistance zone for the Nifty. Today being May series F&O (Future and Options) expiry some volatility is expected in the market. 

Bharti Airtel: Moody's changes outlook from to 'Negative' from 'Stable'.

Sun Pharmaceuticals: Sun Pharmaceuticals announces the acceptance of U.S. FDA filing of the Biologics License Application (BLA) for Tildrakisumab.

Sundaram Fasteners: Intimation regarding approval by the Board, the draft scheme of Amalgamation between Sundram Precision Components Limited, a wholly owned subsidiary of Sundram Fasteners Limited.

Stride Shasun:  Strides Shasun receives USFDA Approval for Memantine Hydrochloride Tablets.