Blistering breakout: BTST breakout stocks to watch out for!

Nifty is trading up by a quarter of a per cent on Wednesday. The broader markets were also seen buzzing with Nifty Midcap and Smallcap gaining 0.20 and 0.50 per cent, respectively.   

Considering that markets are in momentum, many traders opt for a BTST trade, which means 'buy today & sell tomorrow'. We have chalked out a list of stocks from Nifty 500 index, which can be kept on the watchlist for BTST.   

Nippon Life India Asset Management: The stock is up by 2 per cent and witnessed almost open=low. Volume is also highest in the last four trading sessions. The 14-period RSI is in a supper bullish territory.   

JM Financial: The stock has witnessed a huge spike in volumes on Wednesday. The volumes recorded on Wednesday is highest seen in the last six months. It also witnessed a good breakout of the cup & handle pattern.   

Wipro: The stock has positively surprised every trader on D-Street as it gained nearly 7 per cent. Besides, the stock also saw a strong bullish candle while the RSI witnessed a loud move.   

UTI Asset Management Company: The stock is witnessing a buying interest and a period of consolidation. Volumes recorded were the highest seen in the last couple of weeks.   

Gillette: The stock has witnessed a double bottom breakout. Moreover, it's on the verge on a multi-week breakout.  

Note: This is not a recommendation