The Nifty 50 opened at 17,818.55 on Monday against Friday’s close of 17,854.05. This was a result of weak global market signals. Key Wall Street indexes traded in the red on Friday amid surprising U.S. jobs data in January. U.S. jobs data rose with the unemployment rate at a 2-year low, raising concerns about the Fed’s aggressive rate hikes. The Nasdaq Composite fell 1.6%, the Dow Jones Industrial Average fell 0.38% and the S&P 500 fell 1.04% on Friday.
At 10:15 am, the Nifty 50 was trading down 86.75 points or 0.49% at 17,767.3. Broad market indices on the other hand outperformed the forward indices. The Nifty Mid-Cap 100 Index and the Nifty Small-Cap 100 Index gained 0.49% and 0.85% respectively.
Nifty 50 is still not out of the blues and is trading below its 20 and 50-day Exponential Moving Average (EMA). However, it has taken good support at its 200-day EMA. Hence, Nifty 50 needs to breach 18,290-18,430 to initiate a fresh bullish move.
Below is the list of stocks which witnessed volume breakout-
|Stock Name||CMP (Rs.)||Change (%)||Volume|
|Zydus Lifesciences Ltd.||470.5||8.3||28,53,837|
|One 97 Communications Ltd.||550.8||4.9||32,08,096|
|Adani Ports and Special Economic Zone Ltd.||509.4||2.1||97,57,822|
|KPIT Technologies Ltd.||799.1||2.7||17,01,326|
|Elgi Equipments Ltd.||408.0||7.2||8,44,790|
This article is powered by ‘Dalal Street Investment Journal’, India’s No 1 investment magazine. To be regularly updated about winning stocks and recommendations do join by clicking here.
Disclaimer : This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in any manner whatsoever. The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified.