Index trend and stocks in action September 07, 2017
DSIJ Intelligence-3 / 07 Sep 2017
Now going forward immediate resistance for the Nifty is placed around 9,940-9,950 and if it sustains above this zone the next resistance is placed around 10,000 mark
During the previous trading session, Nifty started off the session with a gap down and dipped below 9,900 mark on Wednesday. It took support around 9,880 levels and bounced back to close above levels of 9,900. On the daily chart, a small positive candle had been formed. Now going forward immediate resistance for the Nifty is placed around 9,940-9,950 and if it sustains above this zone the next resistance is placed around 10,000 mark. Whereas on the downside, strong support for the Nifty is placed around the zone of 9,850-9,860 and if this support zone is breached more selling could be seen which may take index towards levels of 9,780-9,740.
Wipro: Wipro wins IT Applications Management Contract from Global Stainless Steel Producer, Outokumpu.
Reliance Industries: Reliance Industries to acquire assets of Kemrock Industries.
Avanti Feeds: commercial production commenced at its subsidiary Avanti Frozen Foods new plant in Andhra Pradesh with effect from 31st August, 2017.
NBCC: NBCC has signed an Agreement with Ministry of Health & Family Welfare, Government of India for Planning, Designing & Construction of ' Expansion of Sports Injury Centre, New Delhi' amounting Rs. 464 Crore (approx).
Asian Paints: Indonesia unit has obtained the necessary licenses and approvals and has commenced manufacturing operations at this manufacturing plant.
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