Index trend and stocks in action August 23, 2017
DSIJ Intelligence-3 / 23 Aug 2017
Now going forward, the zone of 9,730-9,700 is a key support area and if this level is breached next support is likely to come in around levels of 9,685. On the upside, the level of 9,830-9,860 is a resistance area for the Nifty.
In the last trading session, Nifty opened with an opening upside gap up, however, it couldn’t sustain the gains and profit booking emerged at higher levels and Nifty ended the session with nominal gains. On the daily chart, a small body negative candle has been formed, which can be termed as inside bar. Now going forward, the zone of 9,730-9,700 is a key support area and if this level is breached next support is likely to come in around levels of 9,685. On the upside, the level of 9,830-9,860 is a resistance area for the Nifty.
Autoline Industries: Company will consider the proposal of fund raising by way of issue of equity shares on preferential basis in the meeting of Board of Directors to be held on August 26, 2017.
Indo Count Industries: company strongly deny the rejection of orders by any of customers.
Omkar Speciality chemicals: Company received renewal certificate for its in-house R&D unit from DSIR.
DLF: DLF board meet on August 25 for review the status of the proposed sale of compulsorily convertible preference shares to GIC.
Infosys: Infosys founder and ex-Chairman Narayana Murthy to hold conference call with investors.
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