Market may open on a negative side today as on opening indicator SGX Nifty is trading down by 27 points in the morning.
A long Legged Doji’ kind of pattern plotted on the daily chart of Nifty50. Nifty rose to an intraday high of 10638 but then bears pushed the index lowerto make intraday low of 10514.95. The index finally closed at 10,584.
Nifty has made double top around yesterday's high and hence a closing breakout above 10640 is very crucial to pull Nifty to 10710 level. 10500 can be consolidated as a good support.
🎯 News & Impact 🎯
Major Results Today :
Bhartiairtel, ICICI Prudential Life, IDFC Bank, TV18 Broadcast
🎯 LIC Housing Finance :
Net Interest Income down 1.4 % at Rs. 1,058 crore.
Net profit up 2 % at Rs.539 crore.
🎯 Relinfra :
Revenue up 4 % at Rs.5,167 crore.
Net profit at Rs.160 crore versus Rs. 41 crore.
🎯 Tata, Adani :
Tata, Adani, ReNew jostle for putting solar power units in Orissa.
🎯 Sunteck Realty :
Company issues commercial paper of Rs. 15 crore.
🎯 Coal India :
The company is considering Rs. 6,500 crore provision for gratuity payout.
🎯 Thomas Cook :
Thomas Cook’s shareholders to get 1,889 shares of Quess Corp for every 10,000 shares held.
🎯 Music Broadcast :
Company to acquire radio business of Ananda Offset on slump sale basis.
🎯 MOIL :
Company will procure its entire silica sand requirement from Hindustan Copper’s Madhya Pradesh unit.
🎯 JSW Steel :
JSW steel, Aion has found eligible resolution applicant for Monnet Ispat.
🎯 Jet Airways :
Company signed codeshare pact with Aeromexico.
🎯 Astron Paper :
Company entered into MOU with Balaram Papers to take over its Gujarat plant.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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