These stocks are experiencing a price volume breakout; do you hold them?

5paisa Research Team 21st February 2023 - 11:21 am

Nifty 50 opened higher but is likely to track Wall Street’s prominent futures indices. In this article, we have listed the top stocks that are experiencing a price volume breakout.

Nifty 50 opened higher on Tuesday at 17,905.8 as against its previous close of 17,844.6. This was despite pressures seen in the key Wall Street indices futures as well as a mixed performance of Asian peers. The US markets were closed on Monday on account of President’s Day. However, its futures indices traded in red ahead of Purchasing Managers' Index (PMI) and existing home sales print.

Global Markets

Nasdaq 100 futures were down 0.16%, Dow Jones futures declined 0.12% and S&P 500 futures dropped 0.15% at the time of writing. Tracking the global cues, Asian market indices performed mixed. Apart from Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index, all others traded in the green.

Domestic Markets

At 10:10 a.m., Nifty 50 was trading at 17,890.15, up by 45.55 points or 0.26%. Broader market indices, on the other hand, underperformed frontline indices. Nifty Mid-Cap 100 index and Nifty Small-Cap 100 index gained 0.15% and 0.01%, respectively.

Market Statistics

On BSE, the advance-decline ratio was buoyant with 1588 stocks advancing, 1334 declining and 156 remaining unchanged. On the sectoral front, apart from PSU banks, realty and media, all other sectors are trading in green.

According to the data as on February 20, FIIs were net sellers and DIIs were net buyers. Foreign Institutional Investors (FIIs) sold shares to the tune of Rs 158.95 crore. Domestic Institutional Investors (DIIs) bought shares worth Rs 86.23 crore.

Breakout Stocks to Watch Out for Today

Stock Name	CMP (Rs)	Change (%)	Volume
Ambuja Cements Ltd.	364.5	3.4	84,48,244
Delhivery Ltd.	354.6	4.3	10,77,982
Adani Wilmar Ltd.	438.9	2.1	13,53,300
Indraprastha Gas Ltd.	441.2	1.2	13,96,156
Varun Beverages Ltd.	1,330.0	1.7	5,52,789

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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