We have been witnessing a sell-on-rally market for the past many months, and that trend continues to hold as of now. Going forward, Nifty has very crucial support around the 22,500-22,700 zone, any consistent breach below this zone could lead to a further sharp correction in Nifty.
Positive Breakout: These 6 stocks cross above their 200 DMAs
In the Nifty500 pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 29, according to stockedge.com’s technical scan data.