Stocks to Watch For Tuesday- MAHINDRA LOGISTICS LIMITED

MAHINDRA LOGISTICS LIMITEDOn the daily and weekly charts, the stock is sustaining above this breakout level of 515 that remains a positive sign. The stock is trending up forming the higher top and higher bottom formation that signals a sustained trend above. The stock is well placed above its 20 and 50 day SMA which reconfirms upward momentum in the short to medium-term.

The daily and weekly strength indicator RSI are in a bullish mode that supports upward momentum to continue ahead. We have buying recommended in the range of 519-520 levels for the upside target of 535-555 levels with a stop loss below 495.

Stock to Watch : http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Market Commentary:

The Sensex was up 192.35 points at 36,578.96, while Nifty was up 54.90 points at 10,961.90. Among sectors energy, IT and Pharma indices led the gainers, while auto, infra, FMCG and metal indices ended in red.

MAHINDRA LOGISTICS LIMITEDRELIANCE, KOTAK BANK, BAJAJ FINSV, SUN PHARMA, BAJ FINANCE were the top gainers among Nifty 50 stocks while HERO MOTOCO, YES BANK, WIPRO, MARUTI, BAJAJ-AUTO were the top losers.

News Highlights:

  • Bajaj Auto MD Rajiv Bajaj has reconfirmed the company’s plan to launch an electric scooter in the Indian market. Speaking at the launch of a new brand campaign for Bajaj Auto, MD Rajiv Bajaj said: “Launch of the electric scooter will happen soon.”

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Stock to Watch Today: VIP Industries

VIP Industries

On the charts, VIP Industries consolidated in the range of 500-518 levels for 15 days and formed a double bottom” on daily charts which is bullish in nature. Last days, the stock gained over 1 percent and has given the breakout of pattern.

The 50 days DEMA of the stock on the daily charts is currently at Rs 518.40 So buying momentum may continue for coming days. Therefore, we are recommending long positions in the range of 520-521 levels for the upside targets of 535-550 levels with a stop loss below 503.

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Market Commentary:

The Sensex was up 52.79 points at 36374.08, while Nifty was up 14.90 pointsVIP Industries at 10,905.20.

GAIL, BPCL, INFRATEL, AXIS BANK,HCL TECH were the top gainers among Nifty 50 stocks while SUNPHARMA,YESBANK,ZEEL,EICHERMOT,SBIN were the top losers.

News Highlights:

  • FMCG major Hindustan Unilever on Thursday reported a 9 per cent year-on-year rise in profit at Rs 1,444 crore for December quarter.
  • Jet Airways Chairman Naresh Goyal has told the State Bank of India (SBINSE -1.90 %) that he is ready to invest up to Rs 700 crore in the airline on the condition that his stake does not fall below 25 per cent

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Stock to Watch for Today-21 Dec 18

Stock to Watch 21 Dec 18Parag Milk Limited has bounced back from its 200-day moving average with a positive close in the last session there can be a trading opportunity on the long side as long as it sustains above 250 levels.Hence, on a bounce from the current levels.

It has also managed to break out from its 200-days level placed at Rs 252 levels coupled with strong volume growth during the past sessions indicating a buying sentiment. We recommend traders to long Paragmilk in the range of 250-252 with a price target of 262-272.A stop loss should be placed below 239.

News Highlight:

  • Finance Minister Arun Jaitley Thursday said the government will infuse Rs 83,000 crore in public sector banks in the next few months of the current fiscal.
  • Tata Motors Thursday said it has partnered with self-drive rental platform Zoomcar to offer Tata Tigor electric vehicles (EVs) in Pune.

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Parag Milk Limited Stock Information

Market Commentary:

Metal stocks were the worst hit as prices of most dollar-denominated metals fell after the US said it would withdraw sanctions on Russian aluminum producer.

At the close the Sensex was down 52.66 points or 0.14% at 36431.67, while Nifty was down 15.60 points or 0.14% at 10951.70.

YESBANK, HINDPETRO, BPCL, UPL were the top gainers among Nifty 50 stocks while GRASIM, SBIN, BHARTIARTL, WIPRO were the top losers.

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Stock To Watch Today – 18 Dec

Stock to watch

VOLTAS LIMITED

VOLTAS LIMITED is forming a rising channel and remained in an uptrend during the last week. It made a correction from the price-band of 590 levels towards a low of 565. It has also managed to give closing price below its 200-days EMA level placed at 571 levels with higher and strong volume growth and it is indicating a selling at the current level.

Current level of stochastic at 83.33 which are gradually moving upward. If the stock sustains below 570, it can initially target 559/548 levels. A stop-loss suggested for the trade is 586.

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Stock To Watch for Monday

stock to watch for mondayGoa Carbon Ltd remained in an uptrend during the last week after trading on a range bound level for over 45 days. It made a correction from the price-band of 783 levels towards a low of 450.It has also managed to break out from its 200-days SMA level placed at 586 levels coupled with strong volume growth during the past sessions indicating a buying at the current level.

The momentum indicator a positive trend at the current level with RSI at 61 levels which are gradually moving upward, while the MACD made a bullish crossover recently to trade above its signal-line. If the stock sustains above 590, it can initially target 615 levels. A stop-loss suggested for the trade is 575.

Stock to Watch : Visit: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Market Commentary:

1: The BSE Sensex closed 33.29 points, (0.09%), up at 35,962.93 and the Nifty 50 ended 13.90 points, (0.13%), higher at 10,805.45. The BSE midcap and small cap indices rose 0.19% and 0.03%, respectively.

2: BHARTIARTL, BPCL, YESBANK, IOC, COAL INDIA were the top gainers among Nifty 50 stocks while HCLTECH, JSWSTEEL, HDFC, TITAN were the top losers.

Stock to watch for monday

News Highlights:

  • Liquidity issues in the economy was one of the key discussions points at the Reserve Bank of India (RBI)’s board meeting on December 14.
  • Oil marketing company Indian Oil on Thursday announced buyback of 3.06 per cent equity shares at Rs 149 per share for a consideration not exceeding Rs 4,435 crore.

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