The market is expected to consolidate as long as it trades below all key moving averages. Below are some trading ideas for the near term.
The board of directors considered and recommended a 4:1 bonus issue to shareholders for their approval through the through postal ballot process.
Stocks To Watch Today, Jan 8: Stocks like Tata Steel, Dr Reddy’s Laboratories, WPIL, Rail Vikas Nigam, Mahindra and Mahindra, Mankind Pharma, CESC, Birlasoft, Puravankara, Maruti Suzuki India, Orissa Minerals Development Company, State Bank of India, Jindal Worldwide, and Leo Dryfruits & Spices Trading will be in focus on January 8.
NMDC broke the falling resistance trendline adjoining highs of January 13 and August 1, and clocked more than 4 percent gains at Rs 118.70. The stock has seen formation of long bullish candlestick pattern on the daily timeframe, with multi-fold jump in trading volumes.