Stocks to buy tomorrow in Indian market

Stocks to buy tomorrow in Indian market

WOCKPHARMA gained by 3.51% and closed at Rs.741.05. Trading volume increased by 76 percent on Tuesday. But largely the volumes are intraday trades. It Indicates positive breakout. It is frequently advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 627.

JISLJALEQS surged by 4.33% and closed at Rs.114.45. Additionally, it maintained significant margin over recent days. Trading volume hiked by 139 percent on Tuesday. There is an evidence of positive breakout. Derivative traders were aggressive in adding long positions. Open interest surged by 11.87 %. This stock is currently settled above the recent resistance zone. We see short-term support around 94.

L&TFH plunged by 5.03% and finished at Rs. 178.5. Trading volume spiked by 1576 percent at last trading day. It Indicates bearish breakout. Derivative traders were aggressive in adding short positions. Open interest increased by 56.3 %. The strength of the sellers is acknowledged by the today’s gap.It is trading below its recent support zone. The Near-term resistance is seen around 208.

ITC witnessed Bearish Engulfing pattern on daily chart. ITC volume inflated by 49 percent at last trading day. Interestingly 78% of the trades gone for delivery. Derivative traders were aggressive in adding short positions. Open interest gained by 2.12 %. Currently, it is trading around the lower range of its price band. The crucial support zone is around 254.

RCOM surged by 12.03% and ended at Rs.13.5. Trading volume rose by 178 percent at last session. However, most of the trades are intraday in nature. Derivative traders were aggressive in exiting short positions. Open interest reduced by 5.48 %. It is trading inside the trading range. The Support is seen around 10 and resistance is seen around 18.

DHFL declined by 2.69% and finished at Rs. 621.35. It witnessed Bearish Engulfing pattern on daily chart. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 1.08 %. It is trading inside the trading range. The Support is seen around 582 and resistance is seen around 665.

JETAIRWAYS plunged by 7.85% and settled at Rs.663.5. Trading volume rose by 99 percent. Yet a majority of them are intraday trades. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 16.13 %. It is oscillating nearer to its resistance zone of 718.

TATAGLOBAL volume inflated by 83 percent on Tuesday. But largely the volumes are settled intraday. It suggests for selling pressure. It is regularly advancing for 5 days. This stock is currently settled above the recent resistance zone. We see shortterm support around 208.

DRREDDY surged by 5.26% and settled at Rs.2394.15. Trading volume inflated by 354 percent at last trading day. But a majority of them are settled intraday. It is trading inside the trading range. The Support is seen around 2296 and resistance is seen around 2456.

ADANIENT plunged by 4.33% and finished at Rs. 153.45. It witnessed Bearish Engulfing pattern on daily chart. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 5.06 %. It is oscillating nearer to its resistance zone of 160.

 

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Article Info

Published Date: November 21, 2017
Author: Valarmurugan

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