Index trend and stocks in action July 14, 2017
DSIJ Intelligence-3 / 14 Jul 2017

Going forward, the level of 9,910 is likely to act as an immediate resistance and if it sustains above this level it may scale further up to levels of 9,940.
On Thursday, Nifty opened the session with an upside gap and thereafter, it extended the morning gains to ended the day near day’s high. On the daily chart, Nifty has formed a long range bullish candle. Going forward, the level of 9,910 is likely to act as an immediate resistance and if it sustains above this level it may scale further up to levels of 9,940. On the flip-side, the zone of 9,850-9,860 is likely to act as an immediate support level and if this support is breached it may slide further up to levels of 9,830-9,800.
Biocon: FDA Oncologic Drugs Advisory Committee unanimously recommends approval of Mylan and Biocon's proposed biosimilar trastuzumab.
Blue Star: Blue Star signs up with Comfort Solutions for distribution of its Unitary Products in Sri Lanka.
GVK Power and Infra: Company has obtained all the necessary consents/ approvals for the sale of residual 10 per cent stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments Ltd and/or its affiliates at an aggregate consideration of Rs.1,290 crore.
Pricol: Pricol has signed binding agreement to acquire 100 per cent stake in wiping systems business of Ashok Piramal Group’s PMP Auto Components.
NMDC: Iron ore production at 8.52 million tonne during April-June period.
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