NIFTY get off to smooth start after turbulent weeks. The 50-share NSE index NIFTY rose 0.81% to settle at 10539.75 on Monday. The wider NIFTY bounced back from its two back-to-back weekly declines in more than four months. The investor’s sentiment remained upbeat on the back of global recovery and optimism over inflation data due to be released after market hours today. Tomorrow investors will look on to the stable global market, outcome of economic reports and another batch of quarterly earnings this week for direction.

Looking overseas, European markets trading sharply higher continuing the rebound seen on Wall Street last Friday whereas Asian markets finished mixed to higher as volatility harassed on Monday. The worldwide equity markets attempt to bounce on Monday after suffering their worst week in two years.

Nine out of eleven sector gauges compiled by the NSE ended higher led by NIFTY REALTY, NIFTY PHARMA, NIFTY AUTO, NIFTY MEDIA, NIFTY PVT BANK and NIFTY as top gainers. On the other side, NIFTY IT and NIFTY PSU BANK are the only losers.

From the NIFTY 50 basket of shares, TATASTEEL, AUROPHARMA, UPL, YESBANK, INDUSINDBK, POWERGRID, LUPIN, HDFC, and ONGC excelled as top gainers while HCLTECH, SBIN and BPCL are the top losers.

Top stocks to watch on Wednesday 14 Feb

BEML: This stock surged by 7.3% and closed at Rs.1347.85 with 1.5 times the increased trading volume at last trading day. There is an evidence for support as technical indicator RSI indicates the oversold scenario. This stock is trading inside the trading range and the Support is seen around Rs.1183 and resistance is seen around Rs.1571.

IDBI: This stock surged by 7.65% and closed at Rs.67.55 with 2.5 times the increased trading volume at last trading day. This stock frequently advancing for 4 days and it is currently settled above the recent resistance zone and the short term support around Rs.57.

MARICO: This stock surged by 4.32% and closed at Rs.310.05 with 2.5 times the increased trading volume on Monday. The aggressive nature of buyers is indicated by the today’s gap appeared in the daily chart with 73% of the trades are gone for delivery. This stock is oscillating nearer to its resistance zone of Rs.318.

M&M: This stock is trading around the lower range of its price band and the crucial support zone is around Rs.739. Derivative traders were aggressive in adding short positions and the Open interest surged by 3.76%.

ITC: This stock is trading around the lower range of its price band and the crucial support zone is around Rs.264. Derivative traders were aggressive in adding short positions and the Open interest surged by 2.16%.

RPOWER: This stock surged by 5.46% and finished at Rs.47.35 on Monday. This stock registered a considerable margin in last five sessions and it is frequently climbing for 4 days. This stock is trading inside the trading range and the support is seen around Rs.40 and resistance is seen around Rs.55.

CEATLTD: This stock volume hiked by 51% with a majority of the intraday trades at last trading day. There is an evidence for support as technical indicator RSI indicates the oversold scenario. This stock is trading around the lower range of its price and the Support is seen around Rs.1503.

HDFC: This stock is one of the top traded stocks on Monday. Derivative traders were aggressive in adding long positions and the Open interest surged by 2.31%. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.1760.

APOLLOHOSP: This stock volume hiked by 66% with 75% of the trades is gone for delivery at last trading day. This stock is trading inside the trading range and the Support is seen around Rs.1102 and resistance is seen around Rs.1197.

BANKBARODA: This stock surged by 7.94% and settled at Rs.168.65 with 2.5times the increased trading volume at last trading day. The momentum of the buyers is visible through the unfilled gap and appeared in the daily chart. This stock is oscillating nearer to its resistance zone of Rs.175.

JISLJALEQS: This stock surged by 4.23% and ended at Rs.123.15 on Monday. There is an evidence for support as technical indicator RSI indicates the oversold scenario. This stock trading inside the trading range and the support is seen around Rs.107 and resistance is seen around Rs.148.