Top stocks to watch today: A late burst in volume was seen in these stocks
On a penultimate day, June derivatives series expiry was one of the eventful days of the trading for the index as Nifty moved in a range of almost 189 points, which was greater than the previous trading session.
Furthermore, Nifty closed with a negative bias as it slipped more than half a per cent and closed near the day’s low.
During such an eventful day, the final hour of the trading is crucial to traders as a lot of action takes place just before the closing. Hence, for a trader, it’s important to keep note of such stocks, which have seen significant volumes during the final hour of the session. If the stock has seen significant volume in the last one hour of the trading session with a surge in the price, it suggests that traders are expecting the stock to trade higher in the next trading session.
So, before sharing the list of stocks, we will enlighten you about the criteria or filters that we use. They are as follows:
Last hourly candle which has the highest volume for the day.
The price should be up by more than 1 per cent compared to its prior hourly bar.
So, here is a list of the stocks from Nifty 500, which have met the above-mentioned criteria: