Nifty managed to close above 9950 level; PHARMA sector gained 2.39%. Indian Bench mark index Nifty settled above previous resistance (9950) level. The next resistance zone prevails at (10090-10140) range. Nifty soared high since the early trade and closed with a gain of 56 points at Friday’s session. Currently, we can consider 9825 as a current support zone. Traders can consider creating a long position.

Sectors performance on 1 September 

The sectors like REALY, PHARMA, AUTO, METALS, MEDIA are the top performers of the day. IT is the only sectors which bleed as TCS dragged it down. SERVICE, PSU BANKS, INFRA sectors where sluggish witnessed an inconsiderable movement.

Stocks to watch today

Stocks of PHARMA, AUTO sector gained momentum at today’s session the stocks like DRREDDY, AUROPHARM, TATAMOTORS and BAJAJ-AUTO are the some of the best performers among the stocks in NSE.

 ULTRACEMCO stocks volume increased by 166 percent in the last session. Interestingly 83% of the trades are deliverable volume. It is trading inside the trading range. The Support is seen around 3842 and resistance is seen around 4138.7.

SUNTV surged by 10.32% and to close at Rs.768.3.  It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume increased by 506 percent in the last session. The strength of the buyers is indicated by the opening gap. It is oscillating nearer to its resistance zone of 795.

SRTRANSFIN stock’s volume inflated by 148 percent on 1 September 2017. Impressively 57% of the trades were taken for delivery. There is an evidence of bullish breakout. It is steadily climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 950.

NMDC surged by 4.62% and closed at Rs.132.5. Trading volume increased by 104 percent on 1 September 2017. There could be a positive breakout. It is steadily advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 120.

JUSTDIAL volume spiked by 109 percent on 1 September 2017. But largely the volumes are intraday in nature. There is an evidence of bullish trend formation. It is continuously advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 350.

DRREDDY surged by 9.73% and to close at Rs.2217.55. Trading volume increased by 345 percent in last trading day. The firmness of the bulls is indicated by the today’s gap.

BEML surged by 4.7% and closed at Rs.1846.3.  It did rise in the last trading session but fell by a significant margin on a weekly basis. The intensity of the buyers is visible through the opening gap. It is oscillating nearer to its resistance zone of 1920.

AUROPHARMA surged by 4.6% and to close at Rs.758.6. It is listed in top traded counters. Derivative traders were aggressive in adding long positions. Open interest gained by 9.35 %. This stock is currently settled above the recent resistance zone. We see short term support around 687.6.

ASHOKLEY surged by 5.37% and settled at Rs.112.85. Trading volume hiked by 135 percent. There could be a bullish breakout. Derivative traders were aggressive in adding long positions. Open interest increased by 11.18 %. This stock is currently settled above the recent resistance zone. We see short term support around 100.

Comment your stocks to watch today below.