Following a weekend announcement of a “pause” in hostilities with Pakistan, Indian equity indices are set for a relief rally. Concerns of a full-scale conflict had previously prompted traders to liquidate positions, causing market declines. While a positive reaction to de-escalation is anticipated, experts caution that elevated valuations and continued geopolitical uncertainty may limit any sharp upmove.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 21, according to stockedge.com’s technical scan data.