Stocks to Watch on 16 Aug 2019

For the stock market trading session on 16th August 2019, major support level of Nifty is expected at 10,900 and 10,782 whereas major resistance level is expected between 11,182 to 11,267. With this condition of the markets in mind, here are top stocks to watch for 16th August 2019.

CESC Limited:

CESC Limited net profits rose to 217 crores in June 2019 quarter versus 184 crores as in June 2018. CESC Limited went up around 3 percent after it posted more than estimated profits on 14th August 2019 for the quarter ended 30 June 2019.

ACC Limited:

On Wednesday ACC Limited (ACC) went up around 3.50 percent and made a fresh high since 22nd July 2019. The script is sustaining above it's 50- and 200-Days Exponential Moving Averages. We are expecting good movement in this stock.

InterGlobe Aviation Limited:

InterGlobe Aviation Limited (INDIGO) went up around 6 percent on Wednesday. The script is sustaining above it's 50- and 200-Days Exponential Moving Averages. Today also we are expecting good movement in this stock.

Pidilite Industries Limited:

Pidilite Industries Limited (PIDILITIND) is trading range bound from last couple of sessions. The script is trading near its all-time high, so we are expecting good movement in this stock.

Sun Pharmaceutical Industries:

On Wednesday Sun Pharmaceutical Industries (SUNPHARMA) fell more than 5 percent. The stock is trading below its 50- and 200- Days Exponential Moving Averages. We are expecting good movement in this pharma stock.

Jindal Steel & Power Limited:

Jindal Steel & Power Limited (JINDALSTEL) went up more than 8 percent with higher volume on Wednesday, after it posted net loss for the quarter. We are expecting good movement in this metal stock.

Ujjivan Financial Services Limited:

Ujjivan Financial Services Limited (UJJIVAN) fell more than 3 percent on Wednesday and around 5 percent in this week in total. The stock is trading below its 50- and 200-Days Exponential Moving Averages. We are expecting good movement in this stock.

Britannia Industries Limited:

Britannia Industries Limited (BRITANNIA) fell more than four percent in this week and made a fresh low since April 2018. We are expecting a big movement in this FMCG stock.

Shriram Transport Finance Company Limited:

On Wednesday Shriram Transport Finance Company Limited (SRTRANSFIN) went up 5.21 percent. The stock is trading above its 50- and 200-Days Exponential Moving Averages.

Hero MotoCorp Limited:

On Wednesday Hero MotoCorp Limited (HEROMOTOCO) closed higher by 2.56 percent. The stock is trading above its 50- and 100-Days Exponential Moving Averages. We are expecting good movement in this Auto stock.

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