NIFTY resumed setting records after resting for Christmas holidays. The 50-share NSE index NIFTY rose 0.37% to close at 10531.50 logging it’s all-time closing high in the first session of the week. The market witnessed the intense buying in the final hour of trade as investors gained momentum after a flat trading day. Now NIFTY is all set to log new records in the coming days. Asian Markets were mixed in quiet trading today, as some regions of the market remained closed for Christmas holidays. European Markets remained closed as it did not yet end its holiday weekend.
Except for NIFTY PSU BANK all NSE sectoral indices ended in green led by NIFTY METAL, NIFTY REALTY, NIFTY PHARMA as top gainers. The big gainer in today’s trade is telecom giant BHARTIARTL surging 3.06% along with AMBUJACEM, CIPLA & BOSCHLTD as top gainers whereas COALINDIA, SBIN, IOC & NTPS are top losers.
Top 4 STOCKS to watch tomorrow 27 Dec
PIDILITIND: This stock observed the exhaustion gap which finally formed a Bearish Engulfing pattern on daily chart. This stock weekend by 1.9% to finish at Rs.926.6 in today’s trade with 299% increased trading volume. This stock is currently settled above its resistance zone and it is heading towards its resistance.
JINDALSTEL: This stock observed breakout of the flag pattern in daily charts. This stock surged 4.36% to close at Rs.192.65 in today’s trade with 123% spike in trading volume. Thought numerous trades were settled intraday, this stock is set for a bullish rally.
CUMMINSIND: This stock surged 5.53% to finish at Rs.925.65. This stock volume is largely inflated 11 times of its average volume in today’s trade indicating the bullish breakout. This stock is currently settled above the recent resistance zone and the short term support is around 836.
JETAIRWAYS: This Stock surged 8.35% to settle at Rs.822.3 With 265% increased trading volume. Though most of the trades are settled intraday, this stock is frequently advancing for 5 days which signals the bullish trend formation. This stock is currently settled above the recent resistance zone and the short term support is around 638.