Index trend and stocks in action September 29, 2017

DSIJ Intelligence-3 / 29 Sep 2017

Index trend and stocks in action September 29, 2017

Going forward, Nifty has resistance placed in the region of 9,800-9,830. On the other hand, crucial support is placed in the region of 9,680-9,700 and breach of this support zone may open for up for further correction up to levels of 9,630. 

During the last trading session, Nifty after opening flat and moved down quickly to test the crucial swing low of 9,685 and from there it took support to close above 9,750 mark. On the daily chart, a small positive candle has been formed with long lower wick. Going forward, Nifty has resistance placed in the region of 9,800-9,830. On the other hand, crucial support is placed in the region of 9,680-9,700 and breach of this support zone may open for up for further correction up to levels of 9,630. 

Godrej Properties: Godrej Properties announced it has entered into a joint venture with Royale Builders and Developers to develop a residential project in North Bangalore. 

India Glycols: Meeting of the Board of Directors of the company will be held on Saturday, the 7 th October, 2017 to inter-alia, consider and evaluate the option(s) for sale/disposal of the company’s subsidiary namely Shakumbari Sugar and Allied Industries. 

Vakrangee: Promoters hike stake in the company to 41.73 per cent from 41.59 per cent. 

NTPC: Company set to begin commercial operations of 500MW unit at Feroze Gandhi Uchahar Thermal Power Station. 

Infosys: Mediterranean Bank goes live with Infosys Finacle lending solution. 

Shreyas Shipping and Logistics: Company has signed MOA for acquisition of one multipurpose vessel and one container vessel.   

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