These 3 F&O scrips flash 'buy' signal on RMI scanner: Do you own any of these?

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The benchmark Nifty scaled a life high last week before closing 0.75 percent stronger. The metal index was the top performer with a 3.60 percent rally, while Nifty Consumer Durables and Nifty Auto jumped 2.78 percent and 1.55 percent.

On the Sensex front, L&T was the top gainer last week, with more than 7 percent rise, followed by Tata Steel, Tata Motors and IndusInd Bank, which gained 6.63 percent, 5.47 percent and 3.03 percent, respectively.

Havells and Indus Tower were the top F&O  gainers, up by more than 10 percent each. SAIL, Hindustan Copper, Jindal Steel and TVS Motors firmed up by more than 5 percent each.

From the F&O basket, we find some shares generating a 'new buy' signal on the daily time frame, according to the RMI scanner. The Rohit Momentum Indicator (RMI) generates 'buy' and 'sell' signals. It is a non-range-bound indicator.

Bharti Airtel: The shares are up by more than 11 percent on a year-to-date basis. At Rs 1,133 per share, the stock is trading 5 percent near its life high of Rs 1,200.

Gujarat Gas: The stock shored up more than 19 percent year-to-date. The shares are trading above their 20-day moving average, indicating bullishness.

Jindal Steel:  The shares surged over 12 percent year-to-date, trading at life highs. The Jindal Steel shares are trading above their 10-day and 20-day simple moving averages, indicating short-term bullishness.

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