Midcap Stocks Show Positive Momentum: Sun TV Network, Max Healthcare, and Glaxosmi. Pharma Upgraded

Sep 20 2024 03:00 PM IST
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The market today is showing a mix of bullish and mildly bullish sentiments, with Sun TV Network, Max Healthcare, and Glaxosmi. Pharma seeing an upgrade in their technical calls. AU Small Finance and Balkrishna Inds have maintained their mildly bullish to bullish calls, while Aditya Bir. Fas. has been the worst performer. The midcap segment has been the best performer with a return of 0.6%, and the advance-decline ratio is positive at 1.62x. Investors should keep an eye on upgraded stocks like AU Small Finance, CG Power & Ind, and Jindal Steel for potential buying opportunities.

Sun TV Network - Bullish to Mildly Bullish
Max Healthcare - Mildly Bullish to Bullish
Glaxosmi. Pharma - Bullish to Mildly Bullish
AU Small Finance - Sideways to Mildly Bullish
Balkrishna Inds - Mildly Bullish to Bullish

The market today is being driven by a mix of bullish and mildly bullish sentiments. Sun TV Network, Max Healthcare, and Glaxosmi. Pharma have all seen an upgrade in their technical calls, with Sun TV Network and Glaxosmi. Pharma moving from bullish to mildly bullish and Max Healthcare moving from mildly bullish to bullish. This indicates positive momentum for these stocks and potential for further growth.

On the other hand, AU Small Finance and Balkrishna Inds have maintained their mildly bullish to bullish technical calls, showing steady performance in the market. This is in line with the overall midcap segment, which has been the best performer with a return of 0.6% on the BSE midcap index.

However, not all stocks in this segment have seen positive movement. Aditya Bir. Fas. has been the worst performer with a return of -3.42%. This highlights the importance of carefully selecting stocks in this segment and keeping a close eye on their technical calls.

In terms of advance-decline ratio, 78 stocks in this midcap segment are advancing while 48 are declining, with a ratio of 1.62x. This indicates a positive trend in the market, with more stocks advancing than declining.

Investors should keep an eye on the upgraded stocks in this segment, including AU Small Finance, CG Power & Ind, and Jindal Steel, which have all been upgraded from hold to buy. This could present potential buying opportunities for investors looking to capitalize on the bullish to mildly bullish market sentiment.

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