Stocks to watch today 6 October

stocks to watch today

  1. JUBLFOOD surged by 5.32% and closed at Rs.1482.35. Trading volume hiked by 112 percent at last trading day. Yet largely the volumes are intraday in nature. It signals bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest surged by 26.14 %. This stock is currently settled above the recent resistance zone. We see short term support around 1331.

  2. POWERGRID weakened by 1.96% and ended at Rs.204.95. Trading volume spiked by 113 percent at last trading day. Noticeably 79% of the trades are deliverable volume. It is likely to witness bearish breakout. It is regularly scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 217.

  3. ADANIENT surged by 5.46% and closed at Rs.121.6. Trading volume inflated by 171 percent at last trading day. Yet most of the trades are settled intraday. The aggressive nature of bulls is indicated by the unfilled gap.It is trading inside the trading range. The Support is seen around 112 and resistance is seen around 134.

  4. ICICIBANK weakened by 1.56% and settled at Rs.271.8. It is the most active stock. Derivative traders were aggressive in adding short positions. Open interest gained by 5.12 %. It is steadily scaling down for 3 days. It is trading below its recent support zone. The Near term resistance is seen around 297.

  5. TATACHEM surged by 4.25% and settled at Rs.664.3. It witnessed Bullish Engulfing pattern on daily chart. Trading volume inflated by 88 percent on Thursday. It suggest for positive breakout. This stock is currently settled above the recent resistance zone. We see short term support around 592.

  6. HINDUNILVR witnessed Bearish Engulfing pattern on daily chart. HINDUNILVR volume increased by 65 percent on 5 October 2017. Furthermore 83% of the trades are taken for delivery. Currently it is trading around the lower range of its price band. The crucial support zone is around 1179.

  7. BEML gained by 3.63% and ended at Rs.1729.2. Trading volume increased by 144 percent at last trading day. But largely the volumes are intraday trades. It is trading inside the trading range. The Support is seen around 1599 and resistance is seen around 1917.

  8. GAIL fell by 1.2% and to close at Rs.430.9. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 2.69 %. The technical indicator RSI indicates  overbought scenario.It is oscillating nearer to its resistance zone of 432.

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