Following stocks are close to their 52-week low as at 12.55 p.m. on January 8, 2019.

The markets on January 08, 2019 opened gap up. BSE Sensex is trading at 35,842.82, down by 7.34 points and the Nifty is trading at 10,766.40, down by 5.40 points. 

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The WTI crude oil extended its northward movement for the seventh consecutive day on Tuesday, after forming a base around US$ 42.40. On the way up, oil prices managed to close above its short-term moving average, i.e. 21-day exponential moving average.  

Technically, USD/INR bounced from its strong support zone of Rs 69.40-Rs 68.86 as it is the confluence of 50-weeks exponential moving average, opening-gap support created on August 16,  2018 (Rs 69.03- Rs 69.40) and 50 per cent of its recent upward move.

The stock of Vakrangee surges for the second consecutive day on Tuesday after the company released a survey report of its services by Grant Thornton. The stock was up 5 per cent in morning trade.

Overall volumes in futures & options currently stand at 91.32 lakhs contracts with a turnover of Rs. 5,49,827.15 crore.

Overall volumes in futures & options currently stand at 91.32 lakhs contracts with a turnover of Rs. 5,49,827.15 crore.

We expect Nifty to continue its range-bound movement as it remain trapped in-between the range of its 50-day and 100-day moving average. It has to move past some important overhead resistances to give a sustainable move. Stocks in news: Prabhat Diary, Bandhan Bank, Endurance Technologies, Exide Industries, HFCL, TCS and National Peroxide.