Stocks to invest on 1 Nov

RCOM surged by 8.57% and ended at Rs.17.1.  It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume increased by 241 percent at last session. But largely the volumes are settled intraday. The intensity of the buyers is acknowledged by the today’s gap. It is trading inside the trading range. The support is seen around 15 and resistance is seen around 19.

PNB slipped by 3.33% and finished at Rs. 197.15. It is the most active stock. But a majority of them are intraday trades. It is oscillating nearer to its resistance zone of 202.

NIITTECH surged by 5.39% and ended at Rs.676.95. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 229 percent on 31 October 2017. But a majority of them are settled intraday. There is an evidence of bullish breakout. It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 544.

LICHSGFIN slipped by 3.15% and to close at Rs.598.7. Also, it secured significant weakness over recent days. Trading volume increased by 224 percent at last session. Moreover, 57% of the trades are taken for delivery. It is likely to witness negative breakout. Derivative traders were aggressive in adding short positions. Open interest surged by 11.85 %. It is trading below its recent support zone. The Near-term resistance is seen around 673.

JUSTDIAL surged by 5.94% and to close at Rs.465.8. Trading volume spiked by 150 percent on Tuesday. However numerous trades were intraday trades. There could be bullish trend formation. It is steadily advancing for 4 days. This stock is currently settled above the recent resistance zone. We see short-term support around 370.

IDBI plunged by 4.06% and finished at Rs. 62.65. Trading volume inflated by 153 percent on Tuesday. But largely the volumes are intraday in nature. The technical indicator RSI indicates overbought scenario.It is oscillating nearer to its resistance zone of 66.

GMRINFRA surged by 5.49% and ended at Rs.19.2. Trading volume spiked by 367 percent on Tuesday. Yet most of the trades are settled intraday. It signals bullish breakout. The aggressive nature of buyers is recognized by the opening gap.This stock is currently settled above the recent resistance zone. We see short-term support around 15.

BEL surged by 5.19% and ended at Rs.184.6. It witnessed Star pattern on daily chart. Trading volume hiked by 862 percent. It Indicates aggressive selling. It is regularly rising for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 162.

BANKBARODA declined by 2.72% and settled at Rs.169.9. It witnessed Bearish Engulfing pattern on daily chart. It is listed on top traded counters. The technical indicator RSI signals overbought scenario.It is continuously sliding for3 days. It is oscillating nearer to its resistance zone of 184.