In the Nifty500 pack, seven stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks’ 50-day SMA crossed below their 200-day SMAs on February 24. Take a look:
Mid & small-caps could face further pressure; large-caps show potential for gradual growth: Jitendra Gohil
Overall Nifty earnings should stabilise going forward. So, we are of the opinion that Nifty 50 index if I look at the valuation is currently