Auto shares have been under pressure in the October-December period as worries about falling demand for vehicle sales prompted investors to cut their bets on the sector. The auto index fell almost 17% in this period.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.