Index trend and stocks in action January 10, 2019

The NSE benchmark opened the session with a gap-up opening, however, as the day progressed, Nifty witnessed a roller-coaster ride as it swung both ways before closing at 10,855, up by 0.49 per cent . The price action formed a 'hanging man'-like pattern. Structurally, Nifty has formed a triangle pattern and the high-low breakout points to watch out for are 10,900 and 10,730. Only a decisive move above or below these key levels would result in a trending move, or else Nifty is likely to continue with its range-bound oscillation.  

Ashok Leyland: The company has bagged orders for 2580 buses from state transports undertakings. The buses are to be delivered before March 2019. 
  
Vakrangee: The company has received the preliminary findings from Ministry of Corporate Affairs. There were no irregularities in matters relating to resignation of Price WaterHouse and Co as statutory auditors of the company, abnormal trading of the company's stock, income tax assessment order and tax audit report for the last five years, details regarding the bullion and jewellery business of the company and shareholding structure of the company.  
  
Majesco: Due to the US government shutdown, the company has changed its record date for its previously announced rights offer from January 7 to January 29 and its expiration date from January 28 to February 19. 
  
Yes Bank: The board has finalised the names of the potential candidates for the position of MD & CEO and will submit an application to the Reserve Bank of India on January 10, 2019 seeking approval for the appointment of the new MD & CEO.