5 Nifty 500 stocks to accumulate if market breadth continues to improve

Shares of Power Grid Corporation of India, GAIL (India) , Linde India, Symphony and Tech Mahindra may rise up to 14%, as per their respective technical charts

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Bullish stocks in Nifty 500 index

Avdhut Bagkar Mumbai
Half of the Nifty 500 stocks are presently trading over their 200-day moving average (DMA), reflecting a move to regain the lost ground. Over the last couple of months, especially since mid-January this year, the broader market has been through choppy trades. 

Since mid-January, the BSE Sensex and Nifty 50 trades have fallen over 3 per cent, with every reversal experiencing added sell-off. 

The volatility has drastically increased, with majority of stocks pointing at non-directional trend. In recent times, India VIX has traded on extreme ends with no indication of settling down in coming sessions.  

First Published: Mar 06 2023 | 12:30 PM IST

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