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CAPITALSTARS – भारत में खरीदारी के लिए बेहतर हैं ये स्‍टॉक: 7 FEB 2019

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After having struggled to get past the level of 10,985 for about two months, Nifty finally jumped over the major hurdle and, at the end of the day, it recaptured its important psychological 11,000 mark. The price action formed a significant bull candle. Thursday’s session is likely to witness the continuation of the prevailing uptrend. The level of 11,090 is likely to act as a resistance level as it is 61.8 per cent retracement of the decline from August to October. Above the 11,090 mark, Nifty may simply zoom towards the 11,180 mark. On the downside, the zone of 10,950-10,985 is likely to act as a key support, however, if Nifty slips below this zone, it will again go through a consolidation phase. The daily 14-period RSI has moved past the 60 mark and has marked a fresh 14-day high, which is bullish. Market participants will keenly watch the outcome of the RBI policy meet and bouts of volatility may been seen during the day.

GAIL: In a swift move to safeguard project schedule of the Pradhan Mantri Urja Ganga natural gas pipeline to states in eastern India, GAIL as the owner and operator of the prestigious project under execution, has offloaded the pipe laying contract from IL&FS due to poor project progress driven on account of acute financial crisis. The Bokaro Durgapur section (124 km) is now re-tendered and awarded to three different contractors to expedite construction efforts for hooking up supply network to the fertilizer, city gas distribution and other industrial consumers.

Grasim Industries: ICRA has assigned rating on NCD as ICRA AAA- Outlook Stable

Majesco: Majesco has announced launch of its rights offer.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

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