Top Stocks to Watch: Avenue Supermarts Limited, NIIT Technologies Limited, Jindal Steel Limited

For the stock market trading session on 18th December 2019, major support level of Nifty is expected to be in the range of 12,070 to 12,000 whereas major resistance level is expected to be in the range of 12,200 to 12,255. Considering the prevailing condition of the market, here are top stocks to watch for 18th December 2019

Avenue Supermarts Limited:

As on 17th Dec 2019 share price of Avenue Supermarts Limited (DMART) traded positive throughout the day. Stock has rallied over 7.00% intraday to hit its one month high of 1911.80. Prices has bounced back from its 38.2% Fibonacci retracement.

NIIT Technologies Limited:

As on 17th Dec 2019 share price of NIIT Technologies Limited (NIITTECH) rallied over 11% intraday to hit its all-time high of 1643.30 ahead of share buyback. Stock has breached its major resistance level and enabled to close above this.

Tata Steel Limited:

As on 17th December 2019 share price of Tata Steel Limited (TATASTEEL) gained over 5% ahead of expectation of global steel price rise.

Jindal Steel Limited:

As on 17th Dec 2019 share price of Jindal Steel Limited (JINDALSTEL) rallied over 8% in morning trade and closed highest since 5 December 2019 ahead of expectation of global steel price rise.

Housing Development Finance Corporation Limited:

As on 16th Dec 2019 share price of Housing Development Finance Corporation Limited (HDFC) traded positive throughout the day. On Tuesday it gained over 2.00% intraday to hit its all-time high of 2436.55. In Calendar year 2019 stock has rallied over 23%.

Bajaj Finserv Limited:

As on 17th Dec 2019 share price of Bajaj Finserv Limited (BAJAJFINSV) closed positive for fifth consecutive session. On Tuesday it increased as much as 0.87% intraday to hit its all-time high of 9389.80. In Calendar year 2019 stock has rallied over 44%.

IndusInd Bank Limited:

After gain of four consecutive trading session on 16th Dec 2019 share price of IndusInd Bank Limited (INDUSIND) closed with marginal loss. Stock has sustained above its 50 & 200 Days EMAs.

Manappuram Finance Limited:

As on 17th Dec 2019 share price of Manappuram Finance Limited (MANAPPURAM) closed negative for third consecutive trading session. On Tuesday, stock has closed with marginal loss of 0.17% intraday. In Calendar year 2019 stock has rallied over 85%.

Whirlpool of India Limited:

As on 16th Dec 2019 share price of Whirlpool of India Limited (WHIRLPOOL) closed negative for seventh time in past eight trading session. On Tuesday, stock found the support at near 2150 which is 50 Days EMA and closed above this level.

Cummins India Limited:

As on 17th Dec 2019 share price of Cummins India Limited (CUMMINSIND) jumped nearly 3%. During the session it made the high of 565 which was highest since 29 November 2019. In the past five trading sessions stock has recovered over 12% from its 5-years low of 504. It formed a candlestick Hammer pattern at the bottom.

Cadila Healthcare Limited:

On Thursday share price of Cadila Healthcare Limited (CADILAHC) closed positive for fourth consecutive trading session. As on 12th December 2019 stock has gained nearly 2% after the company launched an affordable oral anti-diabetic tablet in India.

Hikal Limited:

As on 12th Dec 2019 share price of Hikal Limited (MANAPPURAM) jumped over 17% intraday after its Panoli plant received Establishment Inspection Report (EIR) from the US health regulator.

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