DSIJ Mindshare

Nifty has managed to clear its resistance of 10,780. Now, going forward, a follow through move above Wednesday’s high, i.e. 10,803, will brighten the possibility of Nifty touching 10,840. Top stocks in focus today: Yes Bank, Majesco, Axis Bank, Intellect Design Arena, Pitti Laminations, Ashoka Buildcon, Premier Explosives. 

Indian markets are expected to make an optimistic start and the benchmarks are likely to extend northward journey on the back of positive regional cues. The SGX Nifty suggests that the Nifty could open at 10,849, higher by 45 points at the opening bell.  

The stocks that are likely to record significant movement on the bourses on January 18, 2018 are Intellect Design Arena Limited, Indo-National Limited, SREI Infrastructure Finance Limited, Pitti Laminations Limited, Tata Consultancy Services Limited and Bharti Airtel/Adani Ports and Special Economic Zone.  

Despite the slowdown in the Indian economy, global institutions are bestowing confidence in the hope of revival in the economy.