For the stock market trading session on 14th August 2019, major support level of Nifty is expected at 10782 and 10629. Whereas, major resistance level is expected at 11182 to 11267. With this condition of the markets in mind, here are top stock to watch for 14th August 2019.
Reliance Industries Limited:
Reliance Industries Limited (RELIANCE) closed higher around 10 percent on Tuesday with the highest volume in a day after 22nd February 2017. Stock is trading above it's 50, 100 and 200 Days Exponential Moving Averages. Today also we are expecting good movement in this stock.
Sun Pharmaceutical Industries:
Sun Pharmaceutical Industries (SUNPHARMA) made a fresh high since 13th May 2019 after net profit rises by 31 percent in June quarter. The stock is trading above its 50 and 100 Days Exponential Moving Averages. We are expecting good movement in this pharma stock.
Adani Ports and Special Economic Zone Limited:
Adani Ports and Special Economic Zone Limited (ADANIPORTS) fell around 4 percent is trading below its 50, 100 and 200-Days Exponential Moving Averages. The script is having key support level at 359.
Godrej Industries Limited:
Godrej Industries Limited (GODREJIND) posted June quarter net profit at 178 crore versus 129 crore last year. Its net profit increased around 37 percent although the stock had fallen 2.58 percent on Tuesday and was trading below it's 50, 100 and 200 Day Exponential Moving Average. We are expecting good movement in this stock.
Indiabulls Housing Finance Limited:
Indiabulls Housing Finance Limited (IBULHSGFIN) went up around 12 percent and 14 percent in the last two trading sessions respectively. It recovered around 30 percent from its previous fall in just two trading sessions. Today it continued this recovery and we expect a good movement in this stock.
Reliance Capital Limited:
Reliance Capital Limited (RELCAPITAL) fell 6 percent on Tuesday. The stock has formed a fresh low. We are expecting good movement on 14th August, 2019 as company is going declared its June quarter result.
Bosch Limited (BOSCHLTD) has made a fresh low since September 2014 after a fall in its net profit in June quarter which was reported on 13th August 2019.
Cummins India Limited:
Cummins India Limited (CUMMINSIND) went down more than 10 percent in last week and is trading near its five year low with highest volume since June 2016.
Bharat Forge Limited:
Bharat Forge Limited (BHARATFORG) posted net profit of 174 crore for June quarter which is less than estimated profit. The stock fell more than five percent on 13th August and made a fresh low since November 2016.
Maruti Suzuki India Limited:
On the first trading session of the week Maruti Suzuki India Limited (MARUTI) fell around five percent. Stock is trading below its 50, 100 and 200 Days Exponential Moving Averages. We are expecting good movement in this Auto stocks.