Top Stocks to Watch: Avenue Supermarts Limited, Jubilant Foodworks Limited, NIIT Technologies Limited

For the stock market trading session on 08th January 2020, major support level of Nifty is expected to be in the range of 11934 to 11832 whereas major resistance level is expected to be in the range of 12120 to 12180. Considering the prevailing condition of the market, here are top stocks to watch for 08th January 2020

Avenue Supermarts Limited:

As on 07th January 2020 share price of Avenue Supermarts Limited (DMART) gained as much as 2.66% intraday in morning trade a day after the company allotted listed commercial paper of Rs. 100 crores.

Jubilant Foodworks Limited:

As on 07th January 2020 share price of Jubilant Foodworks Limited (JUBLFOOD) gained as much as 1.36% intraday to hit its fresh all-time high of 1702.50. Price has closed above its key resistance level and continued its upward direction with positive MA crossover.

NIIT Technologies Limited:

As on 07th January 2020 share price of NIIT Technologies Limited (NIITTECH) closed positive for fourth consecutive session. Price has gained as much as 1.11% to hit its fresh high of 1666 and closed near to its open.

ITI Limited:

As on 07th January 2020 share price of ITI Limited (ITI) surged over 17% to hit its 11-months high of 107.40 after company reported its third quarter numbers.

Multi Commodity Exchange of India Limited:

As on 07th January 2020 share price of Multi Commodity Exchange of India Limited (MCX) jumped over 7% intraday to hit its fresh 52-week high of 1303.90. Price has been trading above its 21- & 50-Days EMAs with positive crossover

Zee Entertainment Enterprises Limited:

As on 07th January 2020 share price of Zee Entertainment Enterprises Limited (ZEEL) gained as much as 3.77% intraday in morning trade after global brokerage house remained bullish on the stock.

Pidilite Industries Limited:

After negative close for three consecutive days share price of Pidilite Industries Limited (PIDILITIND) jumped over 3% intraday in morning trade on 07th January 2020. During the session it made the high of 1431.85 which was highest since 04th October 2019.

Manappuram Finance Limited:

As on 07th January 2020 share price of Manappuram Finance Limited (MANAPPURAM) increased over 2% intraday in morning trade after the company issued fixed-rate senior unsecured notes.

HDFC Bank Limited:

As on 07th January 2020 share price of HDFC Bank Limited (HDFCBANK) jumped over 2% intraday in morning trade ahead of strong loan as well as deposits growth in the quarter ended December 2019.

Biocon Limited:

Share prices of Biocon Limited (BIOCON) continued its negative movement for second consecutive trading session of the week. During the session prices has declined over 4.50% intraday on 07th January 2020 ahead of minority stake sold in biopharmaceutical arm to True North.

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