In the last few years, any reference to an increase in interest rates in the US led to a short-term rout in stock markets of many countries including India, and thus the acceptance of the above phrase on Fed sneezing.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.