Top Stocks to Watch: State Bank of India, Titan Company Limited, Bajaj Finance Limited

For the stock market trading session on 07th 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 07th January 2020

State Bank of India:

As on 06th January 2020 share price of State Bank of India (SBIN) opened on negative note and traded with negative sentiments throughout the session. Price has declined as much as 4.79% intraday ahead of a report suggesting that it is planning to sell 1% stake in NSE.

Titan Company Limited:

As on 06th January 2019 share price of Titan Company Limited (TITAN) gained as much as 2.78% intraday in morning trade after the company reported jewellery revenue growth by 11% third quarter. It was the top gainer among the Nifty-50 Stocks.

Bajaj Finance Limited:

Share price of Bajaj Finance Limited (BAJFINANCE) closed negative for second consecutive session. As on 06th January 2020 price has declined nearly 5% intraday. Price has closed below its 21- & 50-Days Exponential Moving Average with Negative Divergence in RSI and MACD.

L&T Finance Holdings Limited:

As on 06th January 2020 share price of L&T Finance Holdings Limited (L&TFH) declined over 5% intraday and breached its key support level of 111.75. MACD crossed the Zero Line from above with negative MA crossover

NIIT Technologies Limited:

As on 06th January 2020 share price of NIIT Technologies Limited (NIITTECH) closed positive for third consecutive session. Price has gained as much as 1.84% to hit its fresh high of 1661 and closed near to it.

Tata Motors Limited:

As on 06th January 2020 share price of Tata Motors Limited (TATAMOTORS) declined over 3% intraday after Jaguar Land Rover reported degrowth in its US sales for December month.

Adani Green Energy Limited:

As on 06th January 2020 share price of Adani Green Energy Limited (ADANIGREEN) hit its 5% upper circuit for sixth consecutive session. Price has traded with the volatility during the session it has declined as much as 3.66% intraday before closing with the gain of 5%.

Bajaj Electricals Limited:

As on 06th January 2020 share price of Bajaj Electricals Limited (BAJAJELEC) traded with volatility. In the morning trade stock price jumped over 2% ahead of the nod to a rights issue. However, prices closed near to its previous close.

Hindustan Petroleum Corporation Limited:

As on 06th January 2020 share price of Hindustan Petroleum Corporation Limited (HINDPETRO) opened on negative note and traded with negative sentiments throughout the day. During the session price has declined over 7% ahead of the geopolitical concerns.

Biocon Limited:

After raising for consecutive four session share prices of Biocon Limited (BIOCON) declined over 5% intraday on 06th January 2020 after it sold a minority stake in biopharmaceutical arm to True North.

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