Top 10 Stocks to watch on Dec 7

  1. VEDL volume rose by 99 percent on 6 December 2017. It signals bearish breakout. The intensity of the bears is acknowledged by the unfilled gap.It is trading below its recent support zone. The Near-term resistance is seen around 327.
  2. KPIT surged by 4.56% and to close at Rs.161.7. It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume hiked by 106 percent on 6 December 2017. Derivative traders were aggressive in exiting short positions. Open interest reduced by 7.35 %. Currently, it is trading around the lower range of its price band. The crucial support zone is around 155.
  3. LICHSGFIN slipped by 3.38% and finished at Rs. 553.4. Trading volume inflated by 35 percent at last session. It is heading for Derivative traders were aggressive in adding short positions. Open interest increased by 4.08 %. It is continuously sliding for5 days. It is trading below its recent support zone. The Near-term resistance is seen around 609.
  4. GODREJCP Increase by 2.8% and closed at Rs.1003.75. It witnessed Bullish Engulfing pattern on daily chart. Trading volume spiked by 93 percent on Wednesday. Noticeably 59% of the trades gone for delivery. There could be bullish trend formation. This stock is currently settled above the recent resistance zone. We see short-term support around 919.
  5. PAGEIND strengthen by 3.24% and ended at Rs.22128.35. It did rise in the last trading session but fell by a significant margin on a weekly basis. It witnessed Bullish Engulfing pattern on daily chart. It is trading inside the trading range. The Support is seen in 21098 and resistance is seen around 23922.
  6. SUNPHARMA witnessed Bearish Engulfing pattern on daily chart. SUNPHARMA is listed in top traded counters. Derivative traders were aggressive in adding short positions. Open interest increased by 1.69 %. Currently, it is trading around the lower range of its price band. The crucial support zone is around 507.
  7. MARUTI witnessed Bullish Engulfing pattern on daily chart. MARUTI is the most active stock. Surprisingly 56% of the trades are taken for delivery. Derivative traders were aggressive in adding long positions. Open interest surged by 5.58 %. It is oscillating nearer to its resistance zone of 8677.
  8. HINDZINC slipped by 3.4% and ended at Rs.285.85. Trading volume increased by 56 percent at last session. It suggests for a bearish trend. The aggressive nature of bears is recognized by the today’s gap.It is trading below its recent support zone. The Near-term resistance is seen around 320.
  9. AMBUJACEM witnessed Bullish Engulfing pattern on daily chart. AMBUJACEM volume inflated by 41 percent at last session. Interestingly 70% of the trades gone for delivery. Currently, it is trading around the lower range of its price band. The crucial support zone is around 259.
  10. BIOCON witnessed Bullish Engulfing pattern on daily chart. BIOCON is the most active stock. However, largely the volumes are settled intraday. This stock is currently settled above the recent resistance zone. We see short-term support around 374.