Index trend and stocks in action November 20, 2017
DSIJ Intelligence-3 / 20 Nov 2017
Going forward, the zone of 10,230-10,240 is a crucial support level for the index any dips to levels will be a good buying opportunity. Whereas, on the upside, resistance is seen in the range of 10,350-10,360 for the Nifty.
During the last trading session of the week, Nifty opened the session with a gap-up as markets gave thumbs up to Moody’s upgrade. However, the index failed to sustain at higher levels and slipped from intraday high levels to close at 10,284 with gains of 0.64%. Going forward, the zone of 10,230-10,240 is a crucial support level for the index any dips to these levels will be a good buying opportunity. Whereas, on the upside, resistance is seen in the range of 10,350-10,360 for the Nifty. Among the oscillator, the 14-period RSI has a current reading of 54, the RSI has turned up from key support area of 40 and a move above 60 levels could infuse further momentum.
Mahindra and Mahindra: Mahindra Agri Solutions Limited, a direct subsidiary of the Company has incorporated a subsidiary company namely 'Mahindra Fresh Fruits Distribution Holding Company (Europe) B.V.' in Netherlands.
CARE Ratings: The Company's Joint Venture, CARE Ratings (Nepal) Limited where the company holds 51% stake has received a letter from Securities Board of Nepal (SEBON) informing that the License to operate Credit rating Business pursuant to its Rule 10 of Credit Rating Regulations, 2011 has been granted.
Infosys: Buyback to open from November 30, 2017 to December 14, 2017.
Speciality Restaurants: The company open a new 'Machaan' franchise restaurant at Ranchi.
Edelweiss Financial Services: CRISIL Limited has assigned the rating of 'CRISIL A1+' (CRISIL A one plus) to the proposed Short Term Debt Issue aggregating to Rs. 2,000 Crore of the company.
Mayur Uniquoters: Approved the Buyback up to 4,50,000 full paid up equity shares of the company for an aggregate amount not exceeding Rs. 24,75,00,000.
Wipro: Buyback to open from November 29, 2017 to December 13, 2017.
Prataap Snacks: Company’s wholly-owned subsidiary Pure N Sure Food Bites Private Limited has commenced its commercial production and launched Yum-Pie, a variety of sweet snacks, under the brand name Rich Feast.
Virinchi: 'Virinchi Hospitals', a Unit of M/s. Virinchi Health Care Private Ltd, a 100% subsidiary of Virinchi Ltd, got accreditation from the National Accreditation Board for Hospitals & Health Care ( NABH).
L&T: L&T Construction to build Mumbai Trans Harbour Link Order valued at Rs.8,650 Crore.
Cadila Healthcare: Receives final approval from the USFDA for Ethacrynate Sodium for Injection USP.
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