Rohit Srivastava discussed market moves, noting a pullback in Nifty and Bank Nifty. Immediate support levels are seen at 23,500 for Nifty and 51,150 for Bank Nifty. Significant trends in commodities, PSUs, and financials were highlighted, with the potential resurgence of the IT sector as well.
Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.