Top Stocks to Watch: Zee Entertainment Enterprises Limited, Oil India limited, ICICI Prudential Life Insurance Company Limited

For the stock market trading session on 23rd January 2020, major support level of Nifty is expected to be in the range of 12080 to 12050 whereas major resistance level is expected to be in the range of 12165 to 12225. Considering the prevailing condition of the market, here are top stocks to watch for 23rd January 2020

Zee Entertainment Enterprises Limited:

As on 22nd January 2020 share price of Zee Entertainment Enterprises Limited (ZEEL) jumped over 4.89% intraday on closing basis as it announced its Q3 results yesterday. However, Stock opened gap-down, but recovered from day’s low sharply. High price and volume action was seen in the counter.

Oil India limited:

As on 22nd January 2020 share price of Oil India limited (OIL) slashed as much as 5.5% on closing basis.  After, the Department of Telecommunications (DoT) has asked Oil India to pay 48,000 crore in principal dues together with interest and penalty for using optic fibre network for internal communication.

ICICI Prudential Life Insurance Company Limited:

As on 22nd January 2020 share price of ICICI Prudential Life Insurance Company Limited (ICICIPRULI) soared over 3.65% and closed at 506.90 after company declared its Q3 results on Tuesday. Shares of ICICIPRULI in this week have moved about 5.37%.

Vodafone Idea Limited:

As on 22nd January 2020 share price of Vodafone Idea Limited (IDEA) traded with negative sentiments and closed at 5.60 slashing 5.88%. However, stock has been recovered from its weekly low and given return of more than 22%.

Apollo Hospitals Enterprise Limited:

As on 22nd January 2020 share price of Apollo Hospitals Enterprise Limited (APOLLOHOSP) surged as much as 0.77% and closed at 1638.80 and hit its all-time highs at 1664. The stock has gained over 13% of its market value on NSE in the month of January 2020, so far.

Axis bank Limited:

As on 22nd January 2020 share price of Axis bank limited (AXISBANK) closed negative for third consecutive session. During the session price has traded with negative sentiments and closed with overall loss of 1.16%.

Bharti Airtel Limited:

As on 22nd January 2020, price of Bharti Airtel Limited (BHARTIARTL) closed positive for consecutive fifth day to hit its 52-weeks high of 523.75 but managed to close at 514.75 with a gain of 0.59%.

Asian Paints Limited:

As on 22nd January 2020 share price of Asian Paints Limited (ASIANPAINT) closed with negative note and closed at 1773.20, down about 2.07% as stock is expected to announce its Q3 results in evening on 22nd January 2020.

CEAT Limited:

As on 22nd January 2020 share price of CEAT Limited (CEATLTD) closed negative for fourth consecutive trading session and closed at 997.80 down about 0.77% ahead of third quarter results. Net profit increased by 0.04% (YoY) in third quarter.

SBI Life Insurance Company Limited:

As on 22nd January 2020 share price of SBI Life Insurance Company Limited (SBILIFE) traded with volatility ahead of its quarterly results. On Wednesday it reported a 47.50% (YoY) increase in its third quarter net profit.

‍