Top Stocks to Watch: Union Bank of India, Hindalco Industries Limited, Tata Consultancy Services Limited

For the stock market trading session on 16th 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 16th December 2019

Union Bank of India:

As on 13th December 2019 share price of Union Bank of India (UNIONBANK) closed positive for third consecutive session. On Friday stock has rallied as much as 6% intraday. Last week it had rallied over 9%.

Hindalco Industries Limited:

As on 13th December 2019 share price of Hindalco Industries Limited (HINDALCO) gained over 3% intraday to touch its five-months high of 209.00. Last week stock has rallied over 5 percent and sustained above its 200 Days EMA.

Housing Development Finance Corporation Limited:

As on 13th Dec 2019 share price of Housing Development Finance Corporation Limited (HDFC) traded positive throughout the day. On Friday it jumped as much as 2.05% intraday to hit its all-time high of 2365.95.

Tata Consultancy Services Limited:

As on 13th December 2019 share price of Tata Consultancy Services Limited (TCS) gained over 2% intraday after the report of Times of India that, Shapoorji Pallonji (SP) Group sold more of its shares in Tata Consultancy Services (TCS) in the open market on December 12.

Tata Motors Limited:

As on 13th Dec 2019 share price of Tata Motors Limited (TATAMOTORS) jumped over 6% in morning trade amid hopes that the Brexit could happen by January as exit polls predicted a big win for Prime Minister Boris Johnson in the UK election.

Cummins India Limited:

As on 13th Dec 2019 share price of Cummins India Limited (CUMMINSIND) jumped nearly 2%. In past three trading session stock has recovered over 9% from its 5-years low of 504. Scrip has formed a candlestick pattern Hammer at bottom.

DLF Limited:

As on 13th Dec 2019 share price of DLF Limited (DLF) closed positive for third consecutive trading session. On Friday stock price has gained as much as 2.80% to hit its 52-week high 231.20. Last week stock price had rallied nearly 5%.

Reliance Industries Limited:

As on 13th Dec 2019 share price of Reliance Industries Limited (RELIANCE) increased over 1% after broking house CLSA maintained a buy rating with a target at Rs 2,010 per share.

India Tourism Development Corporation Limited:

As on 13th December 2019 share price of India Tourism Development Corporation Limited (ITDC) rallied over 8% intraday after the company board approved merger with Kumarakruppa Frontier Hotels.

Tata Global Beverages Limited:

As on 13th Dec 2019 share price of Tata Global Beverages Limited (TATAGLOBAL) jumped over 2% intraday to hit its all-time high of 330.05. In the calendar year 2019 stock has rallied nearly 50%.

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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