Stocks for trading on Friday 10 November

UBL slipped by 3.19% and ended at Rs.1100.9. Trading volume hiked by 104 percent on Thursday. But largely the volumes are intraday trades. The technical indicator RSI indicates overbought scenario.It is oscillating nearer to its resistance zone of 1155.

TITAN surged by 4.65% and ended at Rs.777.9. At the same time, it registered significant margin over recent days. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 119 percent on 9 November 2017. There is an evidence of bullish trend formation. This stock is currently settled above the recent resistance zone. We see short-term support around 587.

PIDILITIND surged by 5.72% and finished at Rs. 812.75. Trading volume rose by 336 percent on 9 November 2017. Derivative traders were aggressive in exiting short positions. Open interest reduced by 18.28 %. The intensity of the buyers is visible through the opening gap.It is oscillating nearer to its resistance zone of 816.

LUPIN is one among the top traded stocks. It is heading for Derivative traders were aggressive in adding short positions. Open interest gained by 5.34 %. It is steadily breaking low for 4 days. It is trading below its recent support zone. The Near-term resistance is seen around 1075.

JETAIRWAYS surged by 6.62% and settled at Rs.665. Meantime it reported significant gains in last five sessions. Trading volume rose by 208 percent on Thursday. Yet numerous trades were intraday in nature. It gives an impression of a positive breakout. This stock is currently settled above the recent resistance zone. We see short-term support around 470.

ITC dropped by 2.02% and to close at Rs.260.05. It witnessed Bearish Engulfing pattern on daily chart. Trading volume hiked by 111 percent on Thursday. Noticeably 74% of the trades are deliverable volume. It is heading for a bearish trend. Derivative traders were aggressive in adding short positions. Open interest increased by 7.22 %. It is trading below its recent support zone. The Near-term resistance is seen around 273.

INDIACEM volume hiked by 196 percent on Thursday. Yet numerous trades were intraday trades. It Indicates negative breakout. It is trading below its recent support zone. The Near-term resistance is seen around 198.