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Stocks to Watch on 19 Aug 2019

19 Aug 2019

For the stock market trading session on Monday- the beginning of a new week on the markets, i.e. 19th August 2019, major support levels for Nifty is expected to be at 10900 and 10782. Whereas, major resistance level is expected to be at 11182 to 11267. With this condition of the markets in mind, here are top stock to watch for 19th August 2019.

Apollo Hospitals Enterprise Limited:

Apollo Hospitals Enterprise Limited (APOLLOHOSP) traded higher and closed with overall gain of 8.23 percent on weekly basis. The scrip has made fresh high after March 2016 and trading above its 50 and 200 Days Exponential Moving Averages.

CESC Limited:

Last week CESC Limited (CESC) went up more than 4 percent after it reported rise in net profit for the quarter ended 30th June, 2019. The scrip is sustaining above its 50 and 200 Days Exponential Moving Averages. Today also we are expecting good movement in this stock.

Pidilite Industries Limited:

Pidilite Industries Limited (PIDILITIND) is trading in a range from last couple of sessions. Scrip made fresh all time high of 1373 on Friday and closed near to it.

UltraTech Cement Limited:

UltraTech Cement Limited (ULTRACEMCO) traded range bounded and closed with overall loss of 1.71 percent on weekly basis. The script is sustaining below its 50 EMA but above 200 Days EMA. 4130 and 4093 will act as a key support level.

Eicher Motors Limited:

Last week Eicher Motors Limited (EICHERMOT) traded lower and closed at 16600.40 with overall loss of 5.61 percent on weekly basis. Stock is trading below its 50 and 200 Days Exponential Moving Averages. We are expecting good movement in this Auto stock.

State Bank of India:

According to the data provided by National Securities Depository Ltd (NSDL) Foreign portfolio investors (FPI), withdrew Rs 12,419 crore from the Indian equity markets. This is the highest outflow since October 2018, due to the proposal of govt to impose a higher tax surcharge on the super-rich.  We are expecting good movement in this PSU Bank as a result of this.

Bharat Petroleum Corporation Limited:

Forecast for oil demand growth in 2019 cuts by Organization of the Petroleum Exporting Countries (OPEC) by 40,000 barrels per day (bpd), due to slowing economies coupled with US-China trade dispute. We are expecting good movement in this stock.

Berger Paints Limited:

Berger Paints Limited (BERGEPAINT) is trading higher and closed with overall gain of 1.81 percent on weekly basis. Scrip made all time high of 368.00 on Friday and closed near to it. Today also we are expecting good movement in this stock.

Jubilant Foodworks Limited:

Jubilant Foodworks Limited (JUBLFOOD) traded lower and made fresh low after November 2018, it closed with overall loss of 5.92 percent on weekly basis. Stock is trading below its 50, 100 and 200 Days EMAs.

Glenmark Pharmaceuticals Limited:

Glenmark Pharmaceuticals Limited (GLENMARK) fell down more than 15 percent last week, after it reported its quarterly result ended 30, June 2019.

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