Stock to Watch on 23 Aug 2019

For the stock market trading session on 23rd August 2019, major support level of Nifty is expected at 10646 and 10585. Whereas, major resistance level is expected at 10873 to 11034. With this condition of the markets in mind, here are top stock to watch for 23rd August 2019

LIC Housing Finance Limited:

On Thursday LIC Housing Finance Limited (LICHSGFIN) traded lower and closed at 416.25 with overall loss of 10.72% percent. It made a fresh low of 406.20, which was lowest since November 2018. Sustaining above 400.00 is very important before we can expect any recovery in this stock.

Bajaj Finance Limited:

Bajaj Finance Limited (BAJFINANCE) opened with negative note and traded with negative sentiments throughout the session, on Thursday it closed at 3113.90 with overall loss of 4.52 percent. Scrip is sustaining below its 50 and 100 Days EMAs.

Hero MotoCorp Limite:

Yesterday Hero MotoCorp Limited (HEROMOTOCO) opened on flat note and traded with negative sentiments throughout the session, on Thursday it closed with overall loss of 3.18 percent.

Indiabulls Housing Finance Limited:

On Thursday Indiabulls Housing Finance Limited (IBULHSGFIN) opened with negative note and traded with negative sentiments throughout the session, it closed at 458 with the overall loss of 5.28 percent on daily basis while it fell more than 16 percent as compared to last week closing price.

NMDC Limited:

NMDC Limited (NMDC) fell more than 9 percent on Thursday. During the session it made low of 77.80 lowest since March 2016 and closed at 78.50 with the overall loss of 23.68 percent on weekly basis.

Nestle India Limited:

Yesterday Nestle India Limited (NESTLEIND) opened with positive note but traded with negative sentiments throughout the session, On Thursday Nestle India Limited made fresh all time high of 12799 but couldn't sustain on higher level and closed with the overall loss of 1.1 percent.

Yes Bank Limited:

On Thursday Yes Bank Limited (YESBANK) fell around 12 percent while it fell 27.59 percent as compare to last week closing. On thursday it formed fresh low of 53.20 lowest since October 2013

Steel Authority of India Limited:

On Thursday Steel Authority of India Limited (SAIL) fell down and made a fresh low since August 2004, it closed at 30.10 with overall loss of 5.49 percent while it fell 16.85 percent as compare to last week closing.

UltraTech Cement Limited:

UltraTech Cement Limited (ULTRACEMCO) closed lower for five consecutive trading session after breaching its support range of 4130 to 4093, it fell 2.12 percent  on Thursday while 8.79 percent in this week.

Tata Steel Limited:

Tata Steel Limited (TATASTEEL) opened with negative note and gave choppy movement throughout the session, it closed with overall loss of 3.05 percent and near to two years low.

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