Top stocks to watch tomorrow 30 August

Nifty killed back recovery gains by slipping 116 points owing to cause. Global cause led Nifty to take away its last week’s gains. Indian bench mark index Nifty opened with a gap up the opening of approximately 40 points. The day’s sentiment was taken away by the bears dragging Nifty below 9800 level. The market is consolidating with in a shorter range of 9700-9950. The nearest resistance falls at 9950 and the support prevails at 9685 level. Traders are requested be cautious as volatility can be expected shortly. 

Sectors of NSE

The sentiment pulled down all the sectors to bear tone. Major indexes lost more than 1% approximately. In which the ENERGY sector slipped by 1.65% is the top losers among the sectors.

Top stocks to watch tomorrow

L&TFH rose by 0.85% and closed at Rs.189., 5. Also it maintained significant returns on the weekly basis. Trading volume hiked by 289 percent on Tuesday. However, majority of them are intraday in nature. It is heading for bullish trend formation. It is steadily climbing for 3 days. This stock is currently settled above the recent resistance zone. We see short term support around 167.5.

ENGINERSIN climbed by 1.56% and to close at Rs.156.2. Trading volume hiked by 92 percent on Tuesday. Noticeably 56% of the trades are gone for delivery. It is regularly advancing for 4 days. It is oscillating nearer to its resistance zone of 164. Short covering rally is expected

DHFL stocks volume spiked by 150 percent. However numerous trades were intraday trades. It is likely to witness bullish breakout. It is steadily rising for 6 days. This stock is currently settled above the recent resistance zone. We see short term support around 390.

BAJFINANCE slipped by 3.09% and to close at Rs.1773.4. Trading volume inflated by 24 percent in last trading day. It is oscillating nearer to its resistance zone of 1838.

JET AIRWAYS stock witnessed star patterns during the recent tops. The weakness at the last trading session along with high volume indicates aggressive nature of bears any weakness below the 540.