“The short-term trend of Nifty has turned up sharply after a broader range movement of the last few sessions,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He sees resistance at 17,600 and 18,000 levels in the near term, while the immediate support is at 17,150 levels.
Positive Breakout: These 9 stocks cross above their 200 DMAs
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.