It was another volatile session for the market, because Nifty50 was closed flatly with negative bias on December 30, the day of expiration for futures contracts & December options.

Sensex BSE fell below the level of 57,800, down 12 points, while Nifty50 closed slightly above 17,200 marks by losing 10 points.

A wider market has a mixed trend. The MIDCAP 100 Nifty index fell 0.37 percent and the Nifty Smallcap 100 index rose 0.24 percent.

Shares that focus include a persistent system, which is the second largest enhancer in the Futures & Options segment, up 3.49 percent to close at Rs 4,810.60 on Thursday.

Indian graphite and responsive industries are also focused with a two-digit advantage. Graphite Rally 19.08 percent to RS 523.55, and the responsive industry jumped 18.59 percent to Rs 150.85.

This is what Chouhan Shrikant from the Securities box recommends investors to be done with this stock when the market continues today’s trade:

Persistent system

The persistent system has consistently formed a higher low and low formation. Stock is in a strong ketrend, this month he strengthens almost 20 percent.

Graph texture shows, strong uptrend formation is likely to continue in the near future.

For the following trader trends, now high school 4,600 or 9 days (simple moving average) will be a sacred support level. Above the same, the formation of the continuation of the breakout will continue until Rs 4,900-5,100. On the other hand, under the RS 4,600 uptrend will be vulnerable.

Indian graphite.

After the medium-term price correction, finally the stock took support near Rs 400. After a correction, he had formed a double down and upside down formation. On Thursday, despite the warm market conditions, stock strengthened 20 percent.

Strong price volume rally clearly supports further up trends. For swing traders, Rs 490 and Rs 485 will be a trend determinant level.

Trade above the same level, positive momentum will continue until Rs 550-585. However, if it closes below Rs 485, traders may prefer out of the long trade position.

Responsive industry.

After the medium-term price correction, the stock has formed a higher lower formation near Rs 100. Post Formation, the stock is upside down and managed to remove the short-term resistance of Rs 125.

After the response industry which was long traded above 200 high schools that were widely positive. On Thursday, he rose 20 percent, a strong price volume significantly showed further trends from the current level.

For traders, now 200 days of high school or RS 135 can be the key level to be considered. If the stock is successfully traded above the same, we can expect a continuation wave to rise to RS 160-170.

On the other hand, if the stock closed below RS 135, it can trigger further weaknesses to the level of RS 114-110 support.