31st July 2020 Hot Stocks and Stocks To Watch

Last close: 509.95

Sunpharma spiked from 490 to 513 and stock gained 3.4% on yesterday

Many pharma stocks rose 3% to 7% likes Drreddy, Divislab, Auropharma and Lupin

Today Sunpharma declaring earnings report. Close watch stock finding a resistance at 513

Once if breaks and sustains above the level, Expecting bulls action up to 520 and 527+

Last close: 2108.85

Reliance declared result on after market hrs and Profit beats estimates up 31% YoY

Ril reported consolidated profit Rs 13248 crore for the first quarter

Jio’s ARPU growth of 7.4% QoQ. Beating street expectations

Let’s see……… Stock already from 1800 to 2200 in last 10 days

Now stock facing a intraday resistance 2140, 2158 and 2200

Expecting profit booking from resistance levels until 2200

Suppose……. Above 2200………. Bulls action will be continued!!

Supports 2090, 2070 and 2055……. Thereafter expecting more pain!!

Updated: 08.25 am / 31st July 2020