The index seems to be continuing its negative trend for this week as well. Nifty closed at 10,918.70 on Wednesday, loosing around 98.30 points. For the stock market trading session on 22nd August 2019, major support level of Nifty is expected to be at 10,900 and 10,782, whereas, major resistance zone seems to be from 11,076 to 11,182. With this condition of the markets in mind, here are top stocks to watch for 22nd August 2019.
Tata Motors Limited:
On Wednesday Tata Motors Limited (TATAMTRDVR) traded with negative sentiments and closed at 52.50 with overall loss of 8.62% percent, it made fresh low since August 2009.
NMDC Limited (NMDC) fell more than 20 percent in last two trading sessions after Karnataka Govt withdrew its approval to extend mining lease period. On Wednesday it made fresh low of 86.00 marking a new 52 week low and closed with the overall loss of 4.27 percent.
Indiabulls Housing Finance Limited:
Yesterday Indiabulls Housing Finance Limited (IBULHSGFIN) opened with negative note and traded with the same throughout the session, it closed at 474.80 with the overall loss of 8.94 percent.
Nestle India Limited:
Nestle India Limited (NESTLEIND) opened with positive note and traded with positive sentiments throughout the session, it made a new all-time high of 12,646.50 with the overall gain of 5.6 percent on Wednesday.
Mahindra & Mahindra Financial Services Limited:
Mahindra & Mahindra Financial Services Limited (M&MFIN) trading in a narrow range from last couple of sessions. The scrip is trading below its 50 and 200 Days EMAs.
Bajaj Finance Limited:
Bajaj Finance Limited (BAJFINANCE) is trading negative for last three consecutive sessions, on Wednesday it closed below its key resistance level of 3300 with marginal loss of 0.94 percent.
LIC Housing Finance Limited:
On Wednesday’s session LIC Housing Finance Limited (LICHSGFIN) fell and made a fresh low since 27th February 2019 it has bled almost 4.63 percent this week. The scrip is sustaining below its 50 and 200 Days Exponential Moving Averages.
UltraTech Cement Limited:
UltraTech Cement Limited (ULTRACEMCO) fell more than 7 percent from Monday. It has made a low of 3898 which is lowest since 29th March 2019
Hero MotoCorp Limited:
Yesterday Hero MotoCorp Limited (MRF) gave a positive opening and traded with positive sentiments throughout the session and closed with overall gain of 1.64 percent. The scrip is sustaining above its 50 and 100 Days Exponential Moving Averages.
Tata Steel Limited:
Tata Steel Limited (TATASTEEL) opened with negative note and traded with negative sentiments throughout the session, it closed with overall loss of 4.54 percent on Wednesday which is lowest since October 2016.