Buzzing stocks of the day: Paytm, Monte Carlo can rally up to 20%

Shares of HDFC Bank seem placed in the accumulation zone, while HDFC needs to hold on to key moving averages. Charts also indicate a wait and watch approach for LIC of India.

The key benchmark indices, BSE Sensex and Nifty, were ruling higher for the first time in five days on Friday on the back of selective buying.
 

Among prominent sectoral movers, the Nifty Consumer Durable index was up over 1 per cent, followed by the Nifty Auto, which also surged close to a per cent.

Among individual stocks, there were several stocks that were in the limelight. 

Here's an outlook on select buzzing stocks of the day: 

One 97 Communications Ltd (PAYTM)

Outlook: Upside of 15% once aggressive volume builds up

The broader outlook for Paytm stock shows a "Double Bottom"