Index trend and stocks in action August 08, 2017
DSIJ Intelligence-3 / 08 Aug 2017
On the higher side, the level of 10,100-10,140 is a key resistance area to watch out and if Nifty sustains above this area it may extend its up to the levels of 10,200-10,240.
Nifty started the session on Monday with a positive bias and thereafter it traded in a narrow range and finally ended the day with minor loss. On the daily chart, Nifty had formed a small bear candle. Going forward, immediate support for the Nifty is placed around levels of 10,020 and next support is placed around levels of 9,980. On the higher side, the level of 10,100-10,140 is a key resistance area to watch out and if Nifty sustains above this area it may extend its up to the levels of 10,200-10,240. The daily 14-period RSI is quoting around level of 65 and as long as it stays above level of 60, the momentum would be in favour of bulls.
Dr. Lal PathLabs: The Board of Directors of the company, approved the acquisition of a company in Bangladesh.
Sintex Plastics Technology: Sintex Plastics Technology Ltd (Scrip Code: 540653) is listed and admitted to dealings on the Exchange in the list of 'T' Group Securities.
Idea: SEBI has given conditional approval to the merger between Idea Cellular and Vodafone India.
Hindalco Industries: Hindalco's subsidiary, Novelis reports strong first quarter numbers and guidance.
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