Index trend and stocks in action July 20, 2017
DSIJ Intelligence-3 / 20 Jul 2017
Going forward, the recent high of 9,928 will be a crucial resistance level to keep an eye on. If Nifty manages to hold and sustain above the hurdle of 9,928-9,930 it may extend it up-move up to levels of 9,980-10,000.
On Wednesday, Nifty started off the session with an upside gap and thereafter, it extended its up-move and in the end, Nifty settled near day’s high around 9,900 mark. On the daily chart, Nifty has formed a long bull candle, which indicates the dominance of the bulls. Going forward, the recent high of 9,928 will be a crucial resistance level to keep an eye on. If Nifty manages to hold and sustain above the hurdle of 9,928-9,930 it may extend it up-move up to levels of 9,980-10,000. On the downside, the levels of 9,840 and 9,780 may act as strong support levels.
Just Dial: In the meeting of Board of Directors to be held on July 24, 2017, the company informed that the Board will also consider a proposal for buyback of equity shares.
Godrej Industries: Godrej Agrovet filed Draft Red Herring Prospectus (DRHP) with SEBI.
KEI Industries: Setting up of a new manufacturing plant for LT Power and Control Cables with an estimated cost of approximately Rs 45-50 crores.
Bhageria Industries: Company has received a letter from Maharashtra Energy Development Agency for the commissioning of entire 30MW solar PV Power plant of the company at Ahmednagar.
Balaji Telefilms: Board meeting to be held on Thursday to consider various fund raising options.
Subex: ElevenPaths, Telefonica Cybersecurity Unit and Subex sign a global framework agreement to provide a disruptive FMaaS solution.
Tube Investments of India: NCLT sanctions scheme of arrangement (Demerger) between the company and TI Financial Holdings.
Reliance Industries: Reliance Industries is slated to report its earnings on Thursday.
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