The markets managed to stay above crucial support levels on Friday, coming off the high point of the day. Monday is a Mahurat session that generally stays quiet and positive but is more symbolic in nature. However, with strong and stable global markets, the domestic ones are likely to see trading with a positive bias. The FMCG sector is showing good performance, which opens up the possibility of stock-specific show from the group.
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.