Stock market roundup for tomorrow.

NIFTY ends flat in lackluster trading as investor look for key domestic events. The 50-share NSE index NIFTY ends flat by 0.06% to close at 10442.20 in a subdued trading day. NIFTY failed to sustain its early gains as investors remained cautioned ahead of corporate results next week and approaching of union budget that scheduled to be presented on Feb 1. The Action in index derivatives hints the FII’s were adding short positions in NIFTY and BANK NIFTY Jan series, meanwhile the retail traders are buying it.

Looking Overseas, European markets trading lower in the first session the year 2018 failing to gain advantage from the Asian markets which finished higher in today’s trade. In the meantime, the rupee rose to 63.51, its highest level in over two years, against the U.S. dollar.

Among the sector gauges compiled by NSE, NIFTY AUTO, NIFTY IT, and NIFTY METAL are top sectoral gainers while NIFTY PSU BANK and NIFTY REALTY underperformed as top sectoral losers.

From the NIFTY 50 basket of shares, TATAMOTORS surged 3.24% along with UPL, INFRATEL, ONGC, and TECHM as top gainers whereas EICHERMOT, IBULHSGFIN, and BHARTIARTL are the top losers.

Top stocks to watch tomorrow 3 Jan

EICHERMOT: This stock plunged by 4.09% to close at Rs.28670.15 with 112% inflated trading volume on 2 January 2018. Derivative traders were aggressive in adding short positions and Open interest surged by 21.51 % which justifies the bearish trend formation. Currently, this stock is trading around the lower range of its price band.

GMRINFRA: This stock declined by 2.91% to close at Rs.21.65 in today’s trade. The short-term selling pressure is expected as Technical indicator RSI indicates overbought scenario defended by the increased trading volume. This stock is currently settled above the recent resistance zone and the short-term support is seen around Rs.16.

ASHOKLEY: This stock rallied above its recent resistance zone surging 3.96% to finish at Rs. 123.35. This stock trading volume increased by 188% in today’s trade signaling for the positive breakout. The short-term support for this stock is seen around Rs.110.

NMDC: This stock is frequently heading higher levels with 5 times the increased trading volume on 2 January 2018. This stock surged by 5.35% to settle above the recent resistance zone at Rs.148.6 indicating for the positive breakout. The short-term support for this stock is seen around Rs.126.

KPIT: This stock increase by 2.92% to settle at Rs.190.15 with 160% spike in trading volume on Tuesday. This stock suggests for a bullish breakout as it is continuously advancing for past few days. This stock is currently settled above its recent resistance zone and the short-term support is seen around Rs.156.

TATAPOWER: This stock surged by 2.62% to finish at Rs. 99.7 on 2 January 2018. This stock trading volume spiked by 278% signaling for the positive breakout as this stock is continuously climbing for 3 days to settle above the recent resistance zone.

DISHTV: This stock is currently settled above its recent resistance zone at Rs.85 surging 4.04% in today’s trade. Trading volume spiked by 352% indicating for the bullish breakout. This stock short-term support is seen around Rs.78.

INFRATEL: This stock advanced by 2.39% to finish at Rs. 378.8 on Tuesday. Derivative traders were aggressive in exiting short positions and Open interest reduced by 5.79 % signaling for the bullish rally formation. This stock is oscillating nearer to its resistance zone of Rs.384.

BHEL: This stock strengthened by 3.21% and to close at Rs.98.2 with 2 times the increased volume on Tuesday. This stock is heading for a bullish breakout as it is regularly rising for 3 days. This stock is currently settled above the recent resistance zone and the short term support is around Rs.88.