Top Stocks to Watch: Titan Company Limited, Bharat Heavy Electricals Limited, Bajaj Finance Limited

For the stock market trading session on 23rd December 2019, major support level of Nifty is expected to be in the range of 12,225 to 12,150 whereas major resistance level is expected to be in the range of 12,320 to 12,365. Considering the prevailing condition of the market, here are top stocks to watch for 23rd December 2019

Titan Company Limited:

As on 20th Dec 2019 share price of Titan Company Limited (TITAN) jumped over 4% intraday to hit its one month high ahead of the company had announcing the merger of a subsidiary. Prices are trading above important Moving Averages.

Bharat Heavy Electricals Limited:

As on 20th Dec 2019 share price of Bharat Heavy Electricals Limited (BHEL) declined as much as 2.92% intraday as Morgan Stanley remained bearish on the stock. Scrip has closed with overall loss of 3.86% on weekly basis. The stock has lost over 38% of its market value on NSE in Calendar year 2019, so far.

Bajaj Finance Limited:

As on 20th Dec 2019 share price of Bajaj Finance Limited (BAJFINANCE) closed with marginal gain of 0.86% after Company invoked pledged shares of Karvy Data Management Services to recover dues from Karvy Broking.

Shriram Transport Finance Company Limited:

As on 20th Dec 2019 share price of Shriram Transport Finance Company Limited (SRTRANSFIN) traded positive throughout the day. During the session price has increased as much as 5.07% intraday. Prices are trading above its 50 & 200 Days EMAs after it closed positive for third consecutive trading session.

CRISIL Limited:

Last week share price of CRISIL Limited (CRISIL) closed positive for consecutive sixth week to hit its 52-weeks high of 1810 after the company board approved 100 percent acquisition of Greenwich Associates LLC and its subsidiaries.

Tata Steel Limited:

Last week share price of Tata Steel Limited (TATASTEEL) rallied over 8% ahead of restructuring of the domestic business to unlock value. On Friday it jumped over 3% to its four months high of 463.40. Prices are trading above its 50 & 200 Days EMAs.

Jindal Steel & Power Limited:

As on 20th Dec 2019 share price of Jindal Steel & Power Limited (JINDALSTEL) gained nearly 3% intraday and it closed positive for consecutive fourth trading session. Stock has rallied over 13% on weekly basis.

Clariant Chemicals (India) Limited:

Last week share price of Clariant Chemicals (India) Limited (CLNINDIA) traded in a narrow range for first 3 trading sessions of the week and it jumped over 16% in past two trading sessions to hit its nine month high of 377.40 ahead of the company selling its Masterbatch business to a subsidiary of PolyOne for Rs 426 crore.

Torrent Power Limited:

Last week Torrent Power Limited (TORNTPOWER) gained over 5% after price breached its five months low of 267.60. As on 20th December 2019 it jumped as much as 4.17% intraday. Prices are trading above 50 & 200 Days EMAs

NMDC Limited:

As on 20th December 2019 share price of NMDC Limited (NMDC) closed positive for ninth consecutive trading session. Last week stock has rallied over 8.50% after it got 20-year extension for four iron ore mines and Ministry of Coal allocated two coal blocks to the company.

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