Index trend and stocks in action January 25, 2019

The NSE benchmark lacked clear direction as it altered between gains and losses frequently, but in the final hour of trading, buying interest emerged and Nifty ended with a marginal gain of 0.25 per cent. The price action formed a small body bull candle carrying a long lower shadow. The overall structure remains bullish as Nifty is presently above its key moving average, i.e. 100-day and 200-day moving average. The zone of 10,776-10,830 is very crucial for the index in the near term as it is 61.8 per cent retracement level of the current upmove and also most of the key moving averages like the 50-day, 100-day and 200-day fall in this area. On the upside, the levels of 10,900 and 10,950 is likely to act as a stiff resistance levels. 

InterGlobe Aviation: The airline announced the appointment of Ronojoy Dutta as CEO with effect from January 24, 2019.

Yes Bank: Yes Bank announces Appointment of Ravneet Gill as MD & CEO. 

Mindtree: Mindtree Opens New Minneapolis Office to Support Magnet360, Its Expanding Salesforce Practice.