Index trend and stocks in action January 05, 2018
DSIJ Intelligence-3Categories: Markets, News, Trending
Going ahead, a sustainable move above Thursday’s high (10,513) will help the index to reclaim its all-time level of 10,552, followed by 10,600. On the downside, immediate support is seen at the levels of 10,440, followed by 10,390-10,400.
During the previous trading session, Nifty opened in positive territory and extended its upmove to close above the 10,500-mark. The price action led to formation of a bull candle. Going ahead, a sustainable move above Thursday’s high (10,513) will help the index to reclaim its all-time level of 10,552, followed by 10,600. On the downside, immediate support is seen at the levels of 10,440, followed by 10,390-10,400. The zone of 10,390-10,400 is a crucial support level as the 21-day EMA is placed in this region and the recent demand zone.
HCL Technologies: Termination of Joint Venture agreement between the Company and Great American Insurance Company (GAIC).
Varun Beverages: Varun Beverages and Pepsi Co India have decided to enter into a strategic partnership for Tropicana.
Take Solutions: Take Solutions incorporates subsidiary Navitas Lifesciences in Columbia.
JSW Energy: Company has incorporated a wholly-owned subsidiary, JSW Solar Limited to inter alia, pursue business opportunities in the renewable energy space, energy storage systems, micro grids, etc.
Indian Energy Exchange (IEX): A total of 32.39 lakhs Non Solar RECs were traded in the REC trading session at IEX. This is the highest ever trade of Non Solar REC in a session.
Bharti Airtel: Bharti Airtel and Samsung announce partnership to offer Samsung Galaxy J-series smart phones at highly affordable prices.