Price & volume buzzers on Budget day

The two vital piece of information that traders usually keep a close watch are ‘price’ and ‘volume’. Both these inputs are important as it gives a quick perspective about the direction of the stock.

Generally, it is believed that if the stock moves up along with a surge in volumes, it is a healthy sign for the stock.

So, let us have a look as to which stocks are witnessing a rise in price along with a surge in volume during an important event such as the Union Budget of 2021. We have taken Nifty 500 universe into consideration and the criteria for volume & price is set as volume traded, which should be greater than its previous session’s traded volume and price should be greater or higher than its previous session's high. In all, 27 stocks are meeting these criteria.

Have a look on the list of stocks:

Qty: Stands for current day quantity traded. PQty stands for previous day’s quantity traded.