Top Stocks to Watch: InterGlobe Aviation Limited, Hindalco Industries Limited, Bajaj Finserv Limited

For the stock market trading session on 17th December 2019, major support level of Nifty is expected to be in the range of 12,000 to 11,830 whereas major resistance level is expected to be in the range of 12,160 to 12,200. Considering the prevailing condition of the market, here are top stocks to watch for 17th December 2019

InterGlobe Aviation Limited:

As on 16th December 2019 share price of InterGlobe Aviation Limited (INDIGO) declined over 1% to hit its five months low of 1291.10. Stock has declined over 10% in the month of December 2019.

Hindalco Industries Limited:

As on 16th December 2019 share price of Hindalco Industries Limited (HINDALCO) opened won a positive note and traded with volatility throughout the day. It closed with marginal loss of 0.84% intraday. Stock is sustaining above its 200 Days EMA and during the session it made the high of 211.65 which was highest since 22 April 2019.

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 Monday it gained over 1.00% intraday to hit its all-time high of 2384. In Calendar year 2019 stock has rallied over 19%.

Bajaj Finserv Limited:

As on 16th Dec 2019 share price of Bajaj Finserv Limited (BAJAJFINSV) closed positive for fourth consecutive session. On Monday it increased as much as 0.97% intraday to hit its all-time high of 9,300. In Calendar year 2019 stock has rallied over 43%.

Eris Lifesciences Limited:

As on 16th December 2019 share price of Eris Lifesciences Limited (ERIS) gained over 5% intraday in morning trade after getting tax exemption on share buyback.

Voltas Limited:

As on 16th Dec 2019 share price of Voltas Limited (VOLTAS) increased over 1% in morning trade however it has closed with marginal loss of 0.29% on daily basis and closed below its 50 Days EMA.

IndusInd Bank Limited:

As on 16th Dec 2019 share price of IndusInd Bank Limited (INDUSIND) closed positive for fourth consecutive trading session. Stock has gained as much as 1.45% intraday and closed above its 50 & 200 Days EMAs.

Manappuram Finance Limited:

As on 16th Dec 2019 share price of Manappuram Finance Limited (MANAPPURAM) hit its all-time high of 175.85. However, stock has closed with marginal loss of 0.29% intraday. In Calendar year 2019 stock has rallied over 85%.

Bharat Forge Limited:

As on 16th Dec 2019 share price of Bharat Forge Limited (BHARATGORG) closed positive for third consecutive session. It has formed a bullish candlestick pattern called Three White Soldier.

DLF Limited:

As on 16th Dec 2019 share price of DLF Limited (DLF) closed positive for fourth consecutive trading session. On Monday stock price has opened on a negative note and traded with positive sentiments throughout the day. In Calendar year 2019 stock has rallied over 29%

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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