Top Stocks to Watch: NIIT Technologies Limited, Yes Bank Limited, Jubilant Foodworks Limited

For the stock market trading session on 09th January 2020, major support level of Nifty is expected to be in the range of 11929 to 11832 whereas major resistance level is expected to be in the range of 12070 to 12180. Considering the prevailing condition of the market, here are top stocks to watch for 09th January 2020

NIIT Technologies Limited:

Share price of NIIT Technologies Limited (NIITTECH) closed positive for fifth consecutive session. On 08th January 2020 price has gained over 7% intraday to hit its fresh all-time high of 1777.

Yes Bank Limited:

As on 08th January 2020 share price of Yes Bank Limited (YESBANK) gained as much as 4.77% intraday in morning trade, the bank said its board will meet on January 10 to consider fund-raising.

Eicher Motors Limited:

Share price of Eicher Motors Limited (EICHERMOT) closed negative for seventh consecutive session. On 08th Jan 2020 price has declined over 4% intraday and traded at 10-weeks low. Prices are trading below its 21, 50 & 100-Days Exponential Moving Averages.

Jubilant Foodworks Limited:

As on 08th January 2020 share price of Jubilant Foodworks Limited (JUBLFOOD) gained as much as 2.38% intraday to hit its fresh all-time high of 1733.90. Price has closed above its key resistance level and continued its upward direction with positive MA crossover.

L&T Technology Services Limited:

As on 08th January 2020 share price of L&T Technology Services Limited (LTTS) surged over 2% to hit its 10-weeks high of 1554.80 Prices are trading above its 21, 50-& 100-Days Exponential Moving Averages.

Larsen & Toubro Limited:

As on 08th January 2020 share price of Larsen & Toubro Limited (LT) declined as much as 2.81% intraday after research house Credit Suisse cut its earnings estimate and maintained neutral rating with a target at Rs 1,460 per share.

LT Foods Limited:

As on 08th January 2020 share price of LT Foods Limited (DAAWAT) increased over 3% intraday in morning trade after company launched a rice snack in the Indian market.

Butterfly Gandhimathi Appliances Limited:

As on 08th January 2020 share price of Butterfly Gandhimathi Appliances Limited (BUTTERFLY) gained as much as 14.45% intraday with volumes of 35,87,568 shares which was nearly three times of last two months average volumes.

Jindal Steel & Power Limited:

As on 08th January 2020 share price of Jindal Steel & Power Limited (JINDALSTEL) opened on negative note but traded with positive sentiments throughout the session. During the session price jumped over 5% intraday and traded at 8-months high.

The Ramco Cements Limited:

As on 08th January 2020 share price of Ramco Cements Limited (RAMCOCEM) traded positive for second consecutive session and surged over 2.50% intraday. On Daily chart MACD indicator has crossed the zero line with positive crossover and prices are trading above its potential reversal zone.

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