Stocks to look out for today

After moving sideways for the past 6-7 trading sessions, Nifty logged a drastic fall in the previous session and ended the session below 10,250 on the eve of November series derivative expiry. The price action resulted in the formation of sizable bear candle formed post sideways range movement, which suggests bears have a dominant spot. The opening up-side gap which was formed on November 17, 2017, has been filled.  On the daily chart, Nifty is placed at the edge of upward sloping trendline joined by connecting lows of 9,688 and 10,094. Going forward, a decisive move below Thursday’s low of 10,211 could result into further correction up to levels of 10,130 and 10,090. Whereas, on the upside, the level of 10,280 would act as stiff barrier for the bulls.

Stocks to look out for today:

Biocon: European medicines agency accepts marketing authorization applications for Mylan and Biocon's proposed biosimilars Trastuzumab and Pegfilgrastim.

Shilpa Medicare: The scheme of merger of Navya Biologicals Private Limited with Shilpa Medicare Limited has been approved by the National Company Law Tribunal.

Laurus Lab: Laurus Labs announce that the company has received its maiden Tentative Approval from United States Food and Drug Administration (U.S FDA) for Tenofovir Disoproxil Fumarate Tablets 300mg.

Reliance Power:  RPower executes project agreements in respect of its 750 MW LNG based combined cycle power plant and LNG Terminal project in Bangladesh.

LT Foods: LT Foods gears-up to further strengthen their brand presence in the critical European market. Plans to invest $20 Million for overall branding and expansion.

MCX: MCX successfully completes the first settlement cycle in India's first commodity options contract- Options on gold futures.

Thomas Cook: India’s integrated travel and travel related financial services company, strengthened its presence in Pune with two new franchise Gold Circle Partner outlets in Viman Nagar and Kothrud.

Mirza International: The Regional Director, Ministry of Corporate Affairs, Nothern Region has approved the Scheme of Arrangement between Hi-Life Fabricators Private Limited with Mirza International Limited.

Yes Bank: Moody's assigns Baa3 rating to Yes Bank's US$ 1 billion MTN program.

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