In the NSE list of stocks, three stocks with a market cap of over Rs 1000 crore have been witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on May 8.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.