Index trend and stocks in action October 11, 2017
DSIJ Intelligence-3 / 11 Oct 2017
For intraday, 10,040-10,050 remains to an immediate hurdle for the Nifty. On the flip side, dipping below 9,950 level will result in further weakness towards the levels of 9,930-9,880.
During the previous trading session, Nifty opened on a positive note and it oscillated within a narrow range for the second consecutive session. At the closing bell, Nifty managed to settle above the 10,000 mark on a closing basis. The day’s action formed a doji on daily chart for the second consecutive day. However, it maintained a higher high higher low sequence. For intraday, 10,040-10,050 remains to an immediate hurdle for the Nifty. On the flip side, dipping below 9,950 level will result in further weakness towards the levels of 9,930-9,880.
DCW: Commercial production of Chlorinated Poly Vinyl Chloride (CPVC) has started at the company’s factory situated in Tamil Nadu.
Coal India: Memorandum of Agreement for National Coal Wage agreement has been signed for a period of five years. The total estimated average annual impact would be Rs. 5,667 crores.
Dena Bank: QIP opened at a floor price of Rs. 30.73 per equity share.
Dixon Technologies: Company has entered into Design, Manufacturing and supply agreement with Flipkart India.
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