This week was interesting and full of events including election result and RBI monetary policy outcome. Market have give strong bullish momentum from 5th jun and maintaining the pace so far. FMCG & Defense sectors performed extremely well in past few days.
Market View
Nifty for now towards new all time high and OI data indicating 23000 – 23500 as crucial for now.
FII and DII data are also quite interesting specially for 7th Jun. FII remain as net buyers yesterday.
Here are a list of scanned stocks for investors from Stockyfly Stock Scanner.
Swing Picks:
IT stocks giving upside swings from lower level. Here are a list of preferred IT stocks.
NIFTY IT index is illustrated above.
INFY LTP: 1533
TECHM LTP: 1577
WIPRO LTP: 484.55
TCS LTP: 3893.95
Fresh Breakouts and Attempting Breakout
Here are few preferred list of stocks which gave fresh breakouts.
JYOTICNC LTP 1063.15 (Breakout)
SUPREMEPWR LTP: 247.65 (Breakout)
ARROWGREEN LTP: 604.90 (attempting Breakout/near breakout level)
BIKAJI LTP: 691.65 (Breakout)
SWARAJENG LTP: 2519 (attempting breakout)
RUSTOMJEE LTP: 705 (attempting breakout/near breakout level)
ERIS LTP: 994.45 (Breakout)
RACE LTP: 382 (attempting breakout/near breakout level)
ASALCBR LTP: 642.50 (attempting breakout/near breakout level)
TEGA LTP: 1597.95 (attempting breakout/near breakout level)
Stocks to watch/Value Picks
Here are few stocks that we found may show good move in upcoming days.
PRAJIND LTP: 590.40 have taken support near 450 level and now moving towards previous all time high. Showing good level of strength technically.
(PRAJIND daily time frame illustrating previous resistance acting as new support)
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ZOTA LTP: 504.75 Now consolidating above support level 440. Bullish sentiment in the market may lead this stock for a good breakout in upcoming days.
BSOFT LTP: 678.15 took support from previous resistance 566 which is now acting as a strong support. As this sector started performing a swing up move, so considering the sentiment, this stock may perform well in upcoming days.
Stock to watch for upcoming days
INDIAGLYCO LTP: 870 trying to form an Inverse Head & Shoulder pattern on daily chart.
DODLA LTP: 974.90 strong accumulation at current level.
BALRAMCHIN LTP: 400.40 Sugar sector recently gave good correction. Further bullish sentiment may raise good upside swing in this sector.
Disclaimer:
Stocks mention in this article are from stockyfly scanner. Self analysis and investment under proper guidance is highly recommended. Please refer the risk associated in investment and trading here.