The key support levels for the Nifty are placed at 17,950.20, followed by 17,870.20 . If the index moves up, the key resistance levels to watch out for are 18,125.63 and 18,250.40.
BANK NIFTY (38,442.20)
The key support levels for the Bank Nifty are placed is placed at 38,150.90 followed by 37,650.30 . On the upside, key resistance levels are placed a 38,635.40 and 38,950.40 levels.
The important level, which will act as crucial support index is placed at 60,350.10 followed by 59,750.40 On the, upside key resistance levels are place at 60,755.30 and 60,950.40 .
STOCKS RELATED NEWS FROM PREVIOUS DAY
DLF : The company clocked sales worth Rs 1,500 crore for its initial offering in ONE Midtown, a newly launched luxury residential project in New Delhi.
UltraTech Cement : The company announced the commissioning of Line II of the Bara Grinding Unit in Uttar Pradesh, having a cement capacity of 2 mtpa (million tonnes per annum). The Line I was earlier commissioned in January 2020 and is already operating at a capacity utilisation in excess of 80 percent.
Delta Corp : The board has approved the appointment of advisors, bankers and other intermediaries by subsidiary Gaussian Networks (GNPL), engaged in the online gaming business, to explore a potential public issue and listing of equity shares of GNPL. The company reported a higher consolidated profit at Rs 70.38 crore in Q3FY22 against Rs 1.28 crore in Q3FY21, revenue jumped to Rs 247.22 crore from Rs 120.82 crore YoY.
RITES : The company signed a memorandum of understanding (MoU) with SMEC Group to cooperate and explore infrastructure projects.
Vikas Lifecare : The company reported consolidated profit at Rs 2.82 crore in Q3FY22 against Rs 0.06 crore in Q3FY21; revenue jumped to Rs 106.74 crore from Rs 9.43 crore YoY.
PI Industries : Life Insurance Corporation of India acquired 72,000 equity shares in the company via open market transactions on January 10, increasing shareholding to 5.03 percent from 4.98 percent earlier.
FIIs & DIIs DEAL
Foreign institutional investors (FIIs) Bought the worth of ₹ 111.91 cr, Domestic institutional investors (DIIs) Bought the worth ₹ 378.74 cr in the market on 11 Jan.