Top stocks to trade on Friday

BEML surged by 4.69% and closed at Rs.1701.2. It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume rose by 119 percent on Thursday. But largely the volumes are intraday in nature. It is trading inside the trading range. The Support is seen around 1619 and resistance is seen around 1796.

KPIT gained by 3.81% and to close at Rs.178.4. It witnessed Bullish Engulfing pattern on daily chart. Trading volume hiked by 41 percent at last trading day. It is continuously advancing for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 137.

SRF surged by 4.77% and ended at Rs.1865.4. Trading volume inflated by 503 percent on Thursday. However numerous trades were intraday in nature. It is heading for a positive breakout. This stock is currently settled above the recent resistance zone. We see short-term support around 1616.

DRREDDY dropped by 2.3% and finished at Rs. 2306.25. It is the most active stock. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.32 %. Currently, it is trading around the lower range of its price band. The crucial support zone is around 2288.

TATAELXSI volume rose by 105 percent on Thursday. But largely the volumes are settled intraday. It is heading for bearish reversal. It is continuously rising for 3 days. This stock is currently settled above the recent resistance zone. We see short-term support around 835.

MOTHERSUMI volume hiked by 169 percent on 23 November 2017. Moreover 68% of the trades gone for delivery. It Indicates bearish breakout. It is frequently breaking low for 4 days. It is trading below its recent support zone. The Near-term resistance is seen around 372.

INFY Increase by 2.58% and to close at Rs.991.25. Trading volume inflated by 43 percent at last session. Furthermore, 56% of the trades are taken for delivery. This stock is currently settled above the recent resistance zone. We see short-term support around 920.

IBULHSGFIN is listed in top traded counters. Derivative traders were aggressive in unwinding long positions. Open interest reduced by 4.15 %. Currently, it is trading around the lower range of its price band. The crucial support zone is around 1157.

ASIANPAINT witnessed Bearish Engulfing pattern on daily chart. The technical indicator RSI signals overbought scenario.Currently, it is trading around the lower range of its price band. The crucial support zone is around 1147.

HINDPETRO witnessed Bullish Engulfing pattern on daily chart. The technical indicator RSI indicates oversold scenario.Currently, it is trading around the lower range of its price band. The crucial support zone is around 409.