The markets ended on a flat note on Monday as well. For the stock market trading session on 20th August, 2019, major support levels of Nifty are supposed to be at 10900 and 10782. Whereas, major resistance levels are expected to be at 11182 to 11267. With this condition of the markets in mind, here are top stock to watch for 20th August, 2019.
Oil & Natural Gas Corporation Limited:
On Monday Oil & Natural Gas Corporation Limited (ONGC) traded negatively and closed at 126.55 with overall loss of 1.06% percent on weekly basis. Stock is trading near to its three-year low. Due to slowing economies coupled with US-China trade dispute. We are expecting good movement in this oil & petroleum stock.
UltraTech Cement Limited:
UltraTech Cement Limited (ULTRACEMCO) has traded negatively and closed with overall loss of 1.71 percent on Monday. The scrip is sustaining below its 50 EMA but above 200 Days EMA. 4130 and 4093 seem to be acting as a key support.
Sun Pharmaceutical Industries Limited:
Sun Pharmaceutical Industries Limited (SUNPHARMA) open on a positive note and closed with the overall gain of 2.72 percent on Monday’s session. The scrip is trading above both 50 and 200 Days Exponential Moving Averages.
IDBI Bank Limited:
IDBI Bank Limited (IDBI) gave a positive opening and closed with the overall gain of 11.65 percent on Monday, highest since last year because of a news that is hovering around that the bank is looking forward to raising Rs. 10,000 crores by September-end.
Multi Commodity Exchange of India Limited:
Multi Commodity Exchange of India Limited (MCX) open on positive note and closed with overall gain of 1.72 percent. The scrip is trading above its 50 and 200 Days EMAs.
Biocon Limited (BIOCON) traded lower and closed with overall loss of 4.96 percent on Monday. It made fresh low of 215.10 since Dec, 2017. The scrip is sustaining below its 50 and 200 Days Exponential Moving Averages, which is a sign of trend continuation. Today also we are expecting good movement in this stock.
Pidilite Industries Limited:
On Monday’s session Pidilite Industries Limited (PIDILITIND) gave a positive opening and traded in a range throughout the session. Scrip made fresh all time high of 1384.00 on Friday but closed near to last week’s closing.
Kajaria Ceramics Limited:
On Monday Kajaria Ceramics Limited (KAJARIACER) opened on positive note and closed with overall gain of 3.52 percent. The scrip is trading above its important support level of 490.00. Today also we are expecting good movement in this stock.
MRF Limited (MRF) open with positive note and traded in a range throughout the first trading session of the week. The scrip is trading near to its key resistance zone of 58000.00-58300.00.
On Monday PVR Limited (PVR) gave positive opening and traded with positive sentiments throughout the session and closed with overall gain of 4.68 percent. The scrip is trading near to its key resistance level.