Index trend and stocks in action January 23, 2018

Nifty continued its momentum where it had left off on the last trading session of the previous week. Nifty is now at a kissing distance from yet another mega milestone of 11,000. The price action formed a sizeable bull candle. Going forward, the level of 11,000 followed by 11020 may act as a resistance for the Nifty, whereas on the downside, the zone of 10,880-10,900 may act as an immediate support level for the index. The daily 14-period RSI has turned up sharply and, at present, it is placed at 79 level.

Speciality Restaurants: Resumption of operations of 'Flame & Grill' restaurant by Speciality Restaurants located at South City Mall, Kolkata. 

Talwalkars Better Value Fitness:  The pledge on 4,40,000 Equity Shares of the company held by Vinayak Gawande, Promoter of the Company, has been released. The shares represent 1.42 percent of the total share capital of the company . 

Lasa Supergenerics: Lasa gets enlisted as 'First Choice Customer' with CIDIC - among large pharma companies in China. 

Bajaj Corp: Company launches a new product named ‘Bajaj Coco Jasmine Hair Oil’. 

Om Metals Infrastructure Projects: Om Metals Infraprojects Limited announces that its associate company M/s Om Metals Infotech Pvt. Ltd. ( OMIPL) has secured compromise /settlement with M/s Riya Garments who have agreed to withdraw their claim on the said land from the High Court of Rajasthan. 

Kalpataru Power Transmission: Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector has secured multiple orders worth Rs. 871 crores. 

TCS: TCS recognized as Overall Leader in Life & Pensions Insurance BPO Services for second straight year by Everest Group. 

Torrent Pharma: Torrent Pharma to consider fund raising via bonds, share placement on January 25. 

HSIL: HSIL commissions pipe manufacturing plant in Telangana. 

Indian Oil Corporation: Indian Oil Corporation board to consider bonus issue on January 30.