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Stocks to Watch on 26 Aug 2019

26 Aug 2019

Expecting a positive movement of the indices on Monday due to the slew of measures taken by the finance minister to boost the economy, the major support level of Nifty is expected to be in the range of 10690 to 10550. Whereas major resistance level is expected to be in the range of 10915 to 11035. Considering the prevailing condition of the market, here are top stocks to watch for 26 August 2019:

Maruti Suzuki India Limited

On Friday Maruti Suzuki India Limited (MARUTI) opened with negative note and after the choppy movement it closed with marginal gain of 0.74 percent. While on weekly basis it closed with overall gain of 4.67 percent.

Adani Enterprises Limited:

Adani Enterprises Limited (ADANIENT) gave choppy movement throughout the week. On Friday it recovered from lower level and closed at 130.90 with overall gain of 3.47 percent, while it gave negative closing on weekly basis.

Bajaj Finance Limited:

Last week Bajaj Finance Limited (BAJFINANCE) opened with positive note and traded with negative sentiments throughout the week except Friday. It closed at 3174.35 with overall loss of 4.88 percent on weekly basis. Scrip is sustaining below its 50 and 100 Days EMA.

DLF Limited:

DLF Limited (DLF) fell 14.38 percent on weekly basis but went up more than 5 percent on 23 August after forming fresh 31 month low of 136.70. Last week the scrip closed at lowest since October 2018.

HDFC Bank Limited:

After the announcement of management restructuring by private sector lenders, shares of HDFC Bank (HDFCBANK) tumbled. In the past 3 months, the stock has lost more than 10%.

Yes Bank Limited:

On Friday Yes Bank Limited (YESBANK) closed with overall gain of 5.24 percent, while it fell more than 25 percent on weekly basis. On Thursday it formed fresh low of 53.20 which was lowest since October 2013.

Grasim Industries Limited:

Last week Grasim Industries Limited (GRASIM) fell around 9.50 percent and made a fresh low since February 2017, on Friday it closed at 720.25 with the overall loss of 4.35 percent on weekly basis as it recovered more than 4 percent from the lower level.

InterGlobe Aviation Limited:

Aviation stocks went up on 23 August after July aviation data disclosed. InterGlobe Aviation Limited (INDIGO) closed at 1645.50 with overall gain of 2.79 percent on weekly basis. Scrip is sustaining above its 50, 100 and 200 Days EMA.

Nestle India Limited:

Last week Nestle India Limited (NESTLEIND) made fresh all time high of 12799, while it gave correction around 2.80 percent from its highest level. It closed at 12438.60 with overall gain of 3.62 on weekly basis.

NMDC Limited:On Friday NMDC Limited (NMDC) took an upswing of about 1.72 percent after falling for consecutive five trading session. During the sessions it made low of 74.80 lowest since March 2016 and closed at 80.05 with the overall loss of 22.17 percent on weekly basis.

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