Markets have traded in a range for a few weeks now. The Sensex has either been below the 28,000 points or slightly above it. However, here are select stocks that would be in action on Monday morning.
State Bank of Mysore
State Bank Of Mysore shares crashed 10 per cent on Friday, following the merger with SBI. It would be interesting to see if there is some buying support that emerges at lower levels.
Titan is looking weak on the charts and is very close to its 1 month low of Rs 391.5. The stock last closed at Rs 401, and any signs of weakness should be sold into.
Hindustan Petroleum is expected to report its quarterly numbers on Aug 22. The company is expected to perform well, given that crude prices have fallen.
All Cargo Logistics
All Cargo Logistics will declare its results on Aug 22. The company is one of the beneficiaries of the GST Bill and has seen good volumes. Quarterly results maybe in line with estimates.
Tech Mahindra looks weak on the charts. The stock is very close to its 3 month low of Rs 459. Tech Mahindra closed at Rs 471 on the NSE on Friday.
State Bank of Travancore
State Bank of Travancore surged 6 per cent on Friday, following the merger with State Bank of India. The stock may see further gains, if shares in SBI rise. The shares closed at Rs 564 on the NSE.
Castrol like Tech Mahindra is looking weak on the charts. The stock closed at Rs 407, which is very close to a 6-week low of Rs 395.