Index trend and stocks in action August 21, 2017
DSIJ Intelligence-3 / 21 Aug 2017
Now going forward Nifty has immediate support placed around 9,770 levels and if nifty slips below the level of 9,770 then next support is placed around levels of 9,700. On the upside, level of 9,860 will act as an immediate resistance and next resistance is seen around levels of 9,900.
On Friday, Nifty opened the session with a downside gap amid weak global cues and soon after opening it showed further weakness. However, in the last hour of trade some recovery was seen, but it closed the day with losses of 66 points. On the daily chart a ‘Hammer’ like candlestick pattern has been formed. Now going forward nifty has immediate support placed around 9,770 levels and if Nifty slips below the level of 9,770 then next support is placed around levels of 9,700. On the upside, level of 9,860 will act as an immediate resistance and next resistance is seen around levels of 9,900.
Tiger Logistics: Tiger Logistics (India) Limited has started catering to Nepal market as part of service expansion program. This would include their comprehensive range of services of International Freight Forwarding, Custom Brokerage, Transportation and Logistical advisory to other businesses in Nepal.
Laurus Labs: Laurus Labs has completed the US Food and Drug Administration (USFDA) inspection of its API facilities in Units 1 & 3 at Parawada, Visakhapatnam, Andhra Pradesh, with two observations which are only procedural in nature.
ICICI Bank: ICICI Bank revises interest rates on Savings Bank account. Interest rate on deposits below Rs. 50 lakh revised to 3.5 per cent. Interest rate on deposits of Rs. 50 lakh and above remains unchanged at 4.0 per cent.
Bajaj Electricals: Bagged orders worth Rs 391.45 crore from Transmission Corporation of Telangana.
Infosys: To buy back shares worth up to Rs 13,000 crore at Rs 1,150 each.
Nava Bharat Ventures: To form a special purpose vehicle (SPV) as a wholly owned subsidiary of the Company in Singapore for pursuing emerging business opportunities, including Healthcare Enabled Services abroad, with an investment commitment upto US $ 11 million over a period of time.
Monte Carlo Fashions: Plans to launch Fitness and Fashion wear range in the name of 'ROCK IT'. The basic idea behind it is to introduce garments having an ideal combination of fitness and fashion. Initially, the merchandise will be sold through the e-commerce platforms backed by extensive digital marketing plans.
Sasken Technologies: Sasken joins PTC Partner Network to unlock the value of IoT.
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