Stock market today
Stocks to buy tomorrow, based on stock market today,
1. YESBANK is one among the top traded stocks. There is an evidence of bearish breakout. The intensity of the bears is evident from the opening gap. It is trading below its recent support zone. The Near term resistance is seen around 1450. Call writing or Put buying can helps traders to make money in short run.
2. WIPRO Increase by 2.91% and settled at Rs.525.4. Trading volume hiked by 89 percent on 18 May 2017. It is likely to witness bullish breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 6.68 %. This stock is currently settled above the recent resistance zone.
3. TATASTEEL witnessed marginal correction post big rallies in last few sessions. Hence it may consolidate for near term. Any Break above 500 levels in near term would make bulls back into action.
4. JPASSOCIAT surged by 4.02% and closed at Rs.12.95. on the contrary it fell significant from its intraday high of 13.9. Trading volume was 4 time than its usual volume. But numerous trades were settled intraday. It is trading inside the trading range. The Support is seen around 12 and resistance is seen around 14.
5. IDBI plunged by 7.9% and settled at Rs.69.95. Trading volume spiked by 118 percent in last trading day. However numerous trades were intraday in nature. It suggest for negative breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 15.52 %. Any Stay below 72 would bring more sellers into market.
6. CUMMINSIND gained by 3.74% and finished at Rs. 1054.45.. It did rise in the last trading session, but fell by a significant margin on a weekly basis. It witnessed Bullish Engulfing pattern on daily chart. Trading volume increased by 235 percent in last trading day. It is oscillating nearer to its resistance zone of 1080.
7. CEATLTD volume inflated by 191 percent. However most of the trades are settled intraday. It suggest for bullish trend formation. This stock is currently settled above the recent resistance zone. We see short term support around 1431.
This is the daily stock market update and stocks to buy for tomorrow, comment your views below to give you better intraday trading tips for free.