House View – 10 Apr 2019

Technical View Nifty – 11672
Short Term Target for Nifty is 11000
Short Term Reversal for Nifty is 11761
Crucial Resistance for Nifty is 11761
Intraday levels:
Support 11549 – 11522 Resistance 11710 – 11761
All levels are spot levels

Technical View Bank Nifty – 30114
Short Term Target for Bank Nifty is 28000
Short Term Reversal for Bank Nifty is 30730
Crucial Resistance for Bank Nifty is at 30602
Intraday levels:
Support 29704 – 29156 Resistance 30287 – 30446
All levels are spot levels

Ramco Systems
Ramco Systems bags new order in Australia, New Zealand
Industry – IT Consulting & Software
CMP – 238.95
52 Week High – 520.85
52 Week Low – 200
Impact – Positive

Panacea Biotec
Panacea Biotec has done one-time settlement with consortium lenders to
resolve the current debt situation of the company. The company said that
all consortium lenders had approved bilateral one-time settlement at 65
percent of their outstanding debt.
Industry – Biotechnology
CMP – 200.45
52 Week High – 313.50
52 Week Low – 138.20
Impact – Positive

Praj Industries
Praj Industries signed a construction license agreement with the U.S. based
‘Gevo’ to commercialize technology for production of lsobutanol using
sugary-based feedstocks, such as juice, syrup and molasses.
Industry – Construction & Engineering
CMP – 137.85
52 Week High – 165.40
52 Week Low – 72.50
Impact – Positive

Wipro
Wipro is set to announce its largest share buyback ever, worth $1.7 billion
(Rs 12,000 crore) as per media sources. Price Expected To Be At A 17%
Premium
Industry – IT Consulting & Software
CMP – 275
52 Week High – 292
52 Week Low – 190
Impact – Positive

Mahindra & Mahindra
Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new
joint-venture company in India, a move that will see the U.S. automaker
cease its independent operations in the country. Under the terms of the
deal being negotiated, Ford will form a new unit in India in which it will
hold a 49 percent stake, while India’s Mahindra will own 51 percent.
Industry – Cars & Utility Vehicles
CMP – 666.60
52 Week High – 992
52 Week Low – 615.75
Impact – Positive