On the weekly chart, the index formed a small negative candle with a long lower shadow, which suggests the formation of a bullish hammer-type candle pattern at the lows.
Shree Refrigerations is launching its IPO on Friday. The IPO size is Rs 117.32 crore. Ashish Kacholia and other marquee investors are backing the company.
In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 24, according to stockedge.com’s technical scan data.
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