Index trend and stocks in action June 21, 2018

The NSE benchmark Nifty opened the session on an optimistic note and extended its upmove as the day progressed and finally closed near the day’s high. The price action formed a small body bull candle within a high-low range of the previous trading session’s long bear candle. This pattern resembles to bullish harami pattern. In the coming session, support may come in at the levels of 10,700, followed by 10,650. On the upper side, the level of 10,820 is likely to act as an immediate resistance level for the Nifty. 

InterGlobe Aviation: InterGlobe Aviation has clarified that it has not received summons from the Enforcement Directorate for FEMA violation.  

Mahindra Lifespace Developers: Mahindra Lifespace Developers and International Finance Corporation have entered into a partnership for industrial infrastructure development.  

Adani Transmission: The company has acquired 100 per cent equity share capital of Ghatampur Transmission Limited from REC Transmission Projects Company Limited.  

Gayatri Projects: Gayatri Projects’ EPC order worth Rs 1,111 crore has been cancelled by the Uttar Pradesh government.  

JK Cement:  JK Cement board meeting on June 28 will consider fund raising.  

Indiabulls Real Estate: The company proposes to issue secured, redeemable, non-convertible debentures of the face value Rs 10 lakh each aggregating Rs 480 crore on a private placement basis.

Majesco: NTUC Income (Income), a leading insurance company and the only insurance co-operative in Singapore, has selected Majesco Distribution Management and Majesco Digital Solutions to optimize management of its sales and distribution channels across the insurance business. 

BHEL:  BHEL has won Rs 1,000 crore order for emission control equipment from TSGENCO .