Top 4 stocks to watch for Monday

  1. TATASTEEL surged by 4.61% and finished at Rs. 691.45. Trading volume inflated by 128 percent at last session. However largely the volumes are intraday in nature. There is an evidence of positive breakout. Derivative traders were aggressive in adding long positions. Open interest gained by 11.75 %. This stock is currently settled above the recent resistance zone. We see short term support around 639.

  2. STAR dropped by 2.03% and to close at Rs.837.75. Additionally it secured a remarkable loss over a recent days. Trading volume increased by 68 percent. It is likely to witness negative breakout. It is trading below its recent support zone. The Near term resistance is seen around 1022.

  3. SOUTHBANK surged by 6.23% and to close at Rs.31.55. Trading volume hiked by 196 percent. It signals bullish trend formation. Derivative traders were aggressive in adding long positions. Open interest surged by 8.47 %. It is regularly advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 27.

  4. JUBLFOOD surged by 4.12% and closed at Rs.1543.4. Meanwhile it maintained an exceptional margin over a recent days. Trading volume hiked by 220 percent. However numerous trades were intraday in nature. It is heading for bullish breakout. The momentum of the buyers is indicated by the todays gap.This stock is currently settled above the recent resistance zone. We see short term support around 1331.

Are there any more stocks to watch for Monday? Comment below!