Index trend and stocks in action July 12, 2017
DSIJ Intelligence-3 / 12 Jul 2017
Now going forward, on the downside, supports are seen around levels of 9,750 and 9,700. Whereas, on the upside, the level of 9,830-9,840 may act as a strong resistance zone for the Nifty.
On Tuesday, Nifty opened the session with an upside gap and marked a new record life time high of 9,830, however, it failed to sustain at higher levels and ended the session with tiny gains. There has been formation of a ‘Shooting Star’ like candlestick on the daily chart. Now going forward, on the downside, supports are seen around levels of 9,750 and 9,700. Whereas, on the upside, the level of 9,830-9,840 may act as a strong resistance zone for the Nifty. Since, Nifty has moved up sharply in the last few sessions, it may consolidate in a range of 9,700-9,840 for the next couple of trading sessions.
Tata Steel: Tata Steel’s entire equity stake in a 50 per cent joint venture, viz, Tata Elastron S.A. has been divested to Elastron S.A.
HMT: To undertake closure of three subsidiaries i.e. HMT Watches, HMT Chinar Watches and HMT Bearings, including disposal of all movable assets.
Om Metals Infraprojects: Om Metals Infraprojects receives Rajasthan High Court approval for the construction of the Palacia project.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.