Best shares to watch on Monday 11 Dec

 

SUNTV surged by 5.15% and closed at Rs.901.75. Trading volume hiked by 92 percent on Friday. There is an evidence of bullish breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 9.24 %. This stock is currently settled above the recent resistance zone. We see short-term support around 828.

JPASSOCIAT surged by 6.19% and ended at Rs.18. It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume hiked by 93 percent at last trading day. The aggressive nature of bulls is recognized by the unfilled gap.It is trading inside the trading range. The Support is seen around 16 and resistance is seen around 21.

KSCL surged by 5.29% and to close at Rs.537.8. It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume hiked by 70 percent on Friday. However, most of the trades are settled intraday. It is trading inside the trading range. The Support is seen around 507 and resistance is seen around 568.

RELIANCE witnessed Bearish Engulfing pattern on daily chart. RELIANCE is one among the top traded stocks. Derivative traders were aggressive in adding short positions. Open interest increased by 3.69 %. It is trading inside the trading range. The Support is seen around 877 and resistance is seen around 954.

MOTHERSUMI witnessed Star pattern on daily chart. MOTHERSUMI volume spiked by 347 percent on 8 December 2017. Yet numerous trades were intraday in nature. It is likely to witness bullish breakout. This stock is currently settled above the recent resistance zone. We see short-term support around 343.

GAIL dropped by 2.04% and closed at Rs.482.5. Trading volume hiked by 113 percent at last trading day. It Indicates aggressive selling. The technical indicator RSI indicates overbought scenario.This stock is currently settled above the recent resistance zone. We see short-term support around 444.

AJANTPHARM surged by 9.34% and closed at Rs.1445.8. Trading volume hiked by 380 percent on 8 December 2017. Yet largely the volumes are intraday trades. It is heading for a bullish breakout. This stock is currently settled above the recent resistance zone. We see short-term support around 1207.

PIDILITIND surged by 4.76% and finished at Rs. 890.9. Trading volume increased by 182 percent. It signals positive breakout. It is regularly climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 812.

HINDPETRO gained by 3.83% and to close at Rs.428.45. Trading volume hiked by 59 percent at last trading day. Derivative traders were aggressive in adding long positions. Open interest gained by 2.43 %. It is oscillating nearer to its resistance zone of 431.

RCOM surged by 4.48% and ended at Rs.11.65. It did rise in the last trading session but fell by a significant margin on a weekly basis. It is trading inside the trading range. The Support is seen around 10 and resistance is seen around 15.