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Kumar Satyam

21st Oct · SEBI-Registered Analyst

Stocks to Watch for Tomorrow | Post-Diwali Momentum Trade

As markets gear up after the festive session, here are the top stocks to keep on your radar for tomorrow’s trade: Axis Bank

AXISBANK
Private banking heavyweight showing strong accumulation. Analysts expect a breakout above ₹1,130 with healthy credit growth and stable asset quality supporting sentiment. Banking stocks may remain in focus post-earnings season as loan growth remains robust. NTPC Ltd. Power PSU continues to ride the energy and infrastructure theme. With sustained generation growth and green energy plans, investor confidence stays strong. Technically, the stock is showing bullish continuation above ₹410, supported by high volumes. IndusInd Bank Witnessed volatility in recent sessions but now approaching a key technical support zone. Any bounce could offer short-term upside towards ₹1,650. Broader banking optimism may also lift sentiment for this counter. Why These Stocks? Banking and energy sectors are expected to lead the next leg of market movement, supported by Q2 earnings momentum, strong domestic demand, and institutional buying. Key Levels to Watch: Axis Bank: Support ₹1,100 | Resistance ₹1,145 NTPC: Support ₹402 | Resistance ₹418 IndusInd Bank: Support ₹1,585 | Resistance ₹1,650 Keep an eye on global cues and early market trends before taking positions. Learning: Post-Diwali sessions often see increased liquidity and investor activity. Focus on strong fundamental names with clear volume breakouts for short-term trades.

#FundamentalViews#WatchOutFor
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