So, top pick would be from these sectors only. So, one long call on the FMCG space, that is Marico. Stock is showing breakout on the near-term chart and looking at the structure for Marico, we believe that here there would be continuity of uptrend, 695 where we are projecting target, keep a stop loss of around 650 to buy Marico.
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty200 pack, 10 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 23, according to stockedge.com’s technical scan data.