“On a relative basis, we prefer the commercial vehicles and the SUV kind of companies and maybe some of the tractor companies. But in general, the auto sector was one sector which we had for the last two years or so. We have been cautious but this year we have turned quite bullish and we still like it from a longer term perspective.”
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty200 pack, 10 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 23, according to stockedge.com’s technical scan data.