It has given a 11 percent return in the current month after hitting a low of Rs 437 in June 2022. On a monthly scale, it has formed an Inverted Hammer near the 0.786 retracement level of its previous up move started post covid. The free fall started from January 2021 till June 2022, resulting in a 56 percent cut in the counter. Here's what Jigar S Patel of Anand Rathi Shares & Stock Brokers recommends investors should do with these stocks when the market resumes trading today: In fact, it has seen a breakout of downward sloping resistance trend line adjoining several points from the October high. Poly Medicure was also in focus, rising 5 percent to Rs 952.5 and formed big bullish candlestick pattern on the daily charts with strong volumes. In fact, Friday's bullish candle engulfed previous three days' red candles. Sun Pharma Advanced Research Company shares rallied 6 percent to Rs 260.75, the highest closing level since May 2 this year and formed long bullish candle on the daily charts with above average volumes. It also had a strong gap up opening for the stock and also it gave a close above the previous biggest candle on February 24. Stocks that were in action included Amara Raja Batteries which surged nearly 10 percent to Rs 569.4, the highest closing level since April 22 this year, and formed bullish candle on the daily charts with large volumes. India VIX was down by 1.8 percent at 15.66 levels. The volatility index India VIX also cooled down below 16 mark, giving a comfort to bulls. The market breadth was in favour of bulls as about 1,110 shares advanced against 863 declining shares on the NSE. The Nifty Midcap 100 index was down 0.25 percent, and Nifty Smallcap 100 index gained four-tenth of a percent. The BSE Sensex climbed more than 100 points to 60,950, and the Nifty50 jumped over 60 points to 18,117 and formed a decent bullish candle on the daily charts, indicating a continuity in momentum, though there was a mixed trend in the broader market. Positive global cues lifted the sentiment for investors and traders. Recovery in last hour of trade after volatility helped the benchmark indices snap two-day losing streak and closed with moderate gains on November 4.
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