Today Stock to Watch: Jubilant Life Sciences Limited : 5 Feb 19

Jubilant Life Sciences Limited

Jubilant Life Sciences Limited has closed on a strong note gaining around 3%. On the daily charts, the stock has decisively broken out from its past four-week’s consolidation range of 735-697 on the daily closing basis that indicates strength.

The stock is well placed above its 20 and 50-day SMA that reconfirms upward movement in upcoming days. We recommend traders to take a long positions in JUBILANT around 730-732 for the targets of 750-769, with stop loss below 710.

To Check Daily Stock to Watch : CapitalHeight

Market Commentary:

The Sensex was up 113.31 points at 36582.74, while Nifty was up 18.60 points at 10912.30.

TITAN, ONGC, RELIANCE, EICHERMOT, BAJAJ-AUTO were the top gainers among Nifty 50 stocks while IBULHSGFIN, HINDALCO, YESBANK, HINDPETRO were the top losers.

News High Lights:

•The Reserve Bank of India’s Monetary Policy Committee (MPC) meet is scheduled to be held from February 5 to 7 for the sixth bi-monthly monetary policy statement for 2018-19.

•The National Company Law Appellate Tribunal on February 4 turned down Tata Steel’s request to consider its bid as the ‘most legitimate” one for Bhushan Power & Steel.

To Check Daily Stock to Watch : CapitalHeight