“The Indian market has been outperforming the global markets as of now and we anticipate a decent rise in the next one year with targets of 20,500-21,000 anticipated since the last one year has been stagnant and with a breakout above 18,600 zone, at least 12%-15% gain is expected,” domestic brokerage Prabhudas Lilladher said.
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.