With 127 stocks in Nifty500 index trading above the 200-day moving average (DMA), the positive momentum is likely to continue as Nifty50 moves towards 10,000 levels. Of 127 stocks, 15 have shown extreme bullishness hitting a new lifetime high in the recent sessions.
The list includes names such as Deepak Nitrite, which showed reversal at the 50-weekly moving average. Coromandel International has a double bottom formation on the monthly chart, while Dixon Technologies (India) and J B Chemicals and Pharmaceutical exhibited strong buying around 200-DMA. Stocks that are 5 per cent away ...
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First Published: Tue, June 02 2020. 12:12 IST
