For the stock market trading session on 11 September 2019, major support level of Nifty is expected to be in the range of 10,890 to 10,815 whereas major resistance level is expected to be in the range of 11,050 to 11,150. Considering the prevailing conditions of the market, here are top stocks to watch for 11 September 2019:
Multi Commodity Exchange of India Limited:
As on 9 September 2019 Multi Commodity Exchange of India Limited (MCX) formed a fresh 52-week high and closed near to the same too. On Monday it closed at 978 with an overall gain of 10.78 on daily basis.
TATA Power Limited:
Tata Power Limited (TATAPOWER) recovered more than 13 percent in past 3 trading sessions. As on 9 September 2019 it opened with positive note and traded with positive sentiments throughout the session and closed with overall gain of 5.76 percent on daily basis.
RBL Bank Limited:
On Monday RBL Bank Limited (RBLBANK) opened with positive note and traded with positive sentiments throughout the day. It closed at 361.15 with overall gain of 7.34 percent on daily basis.
Union Bank of India:
Union Bank of India (UNIONBANK) traded positive for consecutive 4 trading session and recovered more than 8 percent from its 14-year low. As on 9 September 2019 it closed at 56.30 with an overall gain of 2.18 percent on daily basis.
Yes Bank Limited:
As on 9 September 2019 Yes Bank Limited (YESBANK) went up more than 4 percent. According to the CEO and MD Mr Ravneet Gill Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help boost the Indian private lender's capital.
Dr. Reddy's Laboratories Limited:
Dr. Reddy's Laboratories Limited (DRREDDY) closed positive for consecutive 4 trading sessions. As on 9 September 2019 it closed at 2,749.20 with marginal gain of 0.34 percent on daily basis. Scrip is sustaining above 50, 100 and 200 days EMAs.
On Monday UPL Limited (UPL) opened on negative note while it traded with positive sentiments throughout the day. It made a high of 590.60 intraday which was the highest since 2 August 2019. It closed with an overall gain of 3.43 percent on daily basis.
JSW Steel Limited:
After the NCLT approved resolution plan by JSW Steel Limited (JSWSTEEL) for Bhushan Power and Steel, Credit Suisse revised its target price to Rs. 288 from Rs. 300. The stock traded positive for consecutive past four trading session. It ended up 0.71 percent higher at Rs 219.50 on Monday.
Maruti Suzuki India Limited:
As 9 September 2019 Maruti Suzuki India Limited (MARUTI) jumped more than 2 percent. It closed at 6,334.25 with overall gain of 2.4 percent on daily basis. In past 3 trading sessions stock recovered approximately 8.6 percent from its recent low.
HCL Technologies Limited:
On Monday HCL Technologies Limited (HCLTECH) opened with negative note and traded with negative sentiments throughout the day, it has closed at 1,089.30 with an overall loss of 1.48 percent on daily basis.