Index trend and stocks in action July 09, 2019

The Nifty saw one of the most horrible days of the recent past as it tumbled over 2 per cent and ended the day near the two-month low. The price action formed a sizeable bear candle carrying lower low-high indicating extension of sell-off. In the last two trading sessions, the Nifty has lost about 3.5 per cent, and while doing so, it is nearing an important support territory. The zone of 11,426-11,500 is a crucial support zone as it is the confluence of the gap area support and the 100-DMA. On the hourly time frame, the RSI has entered into an oversold territory; hence, a relief rally would be seen resisted around the levels of 11,620 and 11,650.

Hero MotoCorp: Hero MotoCorp has made an upward revision in the ex-showroom prices of its motorcycles and scooters, effective July 8, 2019. The price increase across its range of two-wheelers has been 1 per cent (of the ex-showroom price).

HCL Technologies: HCL Technologies and NLC Insurance Companies have rolled-out Guidewire InsurancePlatform™ with SmartCOMM™ for agents and policyholders.

Vikas WSP: The company has made available its whole wheat ozonised flour for domestic market on Flipkart. The company has claimed that the flour has highest purity in terms of pesticides, herbicides and microorganisms and it is a little more than 'organic'.

NHPC:  The company has informed that units 1 & 3 of Baira Suil power station has started electricity generation.

TCS: TCS has been named a leader in the NelsonHall NEAT for advanced digital workplace services.

Voltas: Voltas has announced its partnership with Energy Efficiency Services Limited (EESL) to manufacture and sell 5-star rated inverter air conditioners.