Index trend and stocks in action October 27, 2017

During the previous trading session, Nifty opened the session with a negative bias, however it managed to climb up as the day progressed. At the end of the day, Nifty hit yet another record high on the F&O expiry day and ended the session at 10,334. Going forward, immediate resistance for the Nifty is placed at levels of 10,380 followed by 10,400. On the downside, supports for Nifty are seen at levels of 10,260 followed by 10,200. The 14-day RSI on the daily chart is quoting around 69.80 and it has marked a fresh 14-period high which is positive.  
 
NDTV: RRPR Holding Private Limited (RRPR), one of the Promoters of the company, has informed that it has received an order dated October 25, 2017 issued by Deputy Commissioner of Income Tax under section 281B of the Income Tax Act, 1961, provisionally attaching the entire shareholding held by RRPR in the company. 

Majesco: The Insurance arm and a subsidiary of company Majesco, USA announced a partnership with Denim, creator of the mobile and social media marketing platform that changes the way insurance and financial services companies advertise, engage and sell. 

Future Consumer: The company has allotted 14.96 lakh shares to Black River Food 2 upon conversion of compulsory convertible debentures .