Stocks to Watch on 07 Oct 2019

For the stock market trading session on 07 October 2019, major support level of Nifty is expected to be in the range of 11,085 to 11,000 whereas major resistance level is expected to be in the range of 11,260 to 11,400. Considering the prevailing condition of the market, here are top stocks to watch for 07 October 2019

The Federal Bank Limited:

Share price of The Federal Bank Limited (FEDERALBNK) declined over 3 percent inraday on Friday, it was the top loser among the Niftybank. It opened on a positive note and traded with negative sentiments throughout the day. Scrip is trading below its 50 & 200 Day EMAs.

UCO Bank:

As on 04 October 2019 shares price of UCO Bank (UCOBANK) jumped around 14 percent intraday after board approved the proposal for the issue of equity shares on preferential basis to Government of India against capital infusion of Rs 2,130 crore.

Alembic Pharmaceuticals Limited:

On Friday share price of Alembic Pharmaceuticals Limited (APLLTD) jumped more than 5 percent after the company's joint venture received the approval from US Food and Drug Administration for a spray used for treating plaque psoriasis.

Dr. Reddy's Laboratories Limited:

Share price of Dr. Reddy's Laboratories Limited (DRREDDY) declined over 2 percent intraday on 04 October 2019. It closed negative for consecutive five trading sessions. Scrip is trading below its 50 & 200 Day EMAs.

Hindalco Industries Limited:

On Friday share price of Hindalco Industries Limited (HINDALCO) closed negative for consecutive third trading session. It closed at 182.05 with marginal loss of 0.30 percent on daily basis.

Grasim Industries Limited:

On 04 October 2019 share price of Grasim Industries Limited (GRASIM) declined over 4 percent intraday to hit a fresh 52 week low of Rs. 650.05. In last week it declined more than 10 percent.

Bharat Forge Limited:

Shares price of Bharat Forge Limited (BHARATFORG) declined over 4 percent intraday on Friday, it was the top loser among the Nifty Auto. It closed negative for consecutive five trading session. Scrip is trading below its 50 & 200 Day EMAs.

National Fertilizers Limited:

On Friday share price of National Fertilizers Limited (NFL) jumped over 5 percent intraday after the company reported record sales during Kharif 2019. It closed positive after six consecutive sessions of downfall.

InterGlobe Aviation Limited:

As on 04 October 2019 share price of InterGlobe Aviation Limited (INDIGO) declined nearly 1 percent intraday after Morgan Stanley maintained overweight call on the stocks.

Zee Entertainment Enterprises Limited:

Shares price of Zee Entertainment Enterprises Limited (ZEEL) declined over 6 percent intraday on 04 October 2019 after Morgan Stanley cut target sharply amid debt concerns.

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