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Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

Indian markets closed higher on Tuesday with Fag-end buying. HDFC AMC rose by 11.29%, while Tata Motors was up by 3%, and Central Bank of India surged by 5.44%. Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, suggests buying these stocks. HDFC AMC is moving above its 20 DMA and 200 DMA and is expected to move further upside with significant volume. Tata Motors has performed well with its major averages of 20 DMA, 50 DMA and 200 DMA moving upwards. Central Bank of India has breached the downward falling channel on a positive note, indicating an upward movement.

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock.

With crude oil at $75 a barrel, inflation heading to lower levels and macro growth looking strong and being supported by manufacturing and services, we see a limited downside and expect markets to deliver a decent return over the next 2 years.

Aggressive short cover signify that people holding a short position on a stock have decided to exit. ​

Seven stocks, including Indiabulls Housing Finance, India Cements, and L&T Finance Holdings, are under a futures and options (F&O) ban for trading on 21 June. The ban occurs when open interest on futures or options contracts exceeds 95% of total positions limits and only ends once that figure falls below 80%. The banned stocks will still be available for trading in the cash market, however. The Nifty50 advanced 0.33% to $18,816.70 and Nifty Bank rose 0.30% to $43,766.50.

Equitas Small Finance Bank, Birla Corporation, and Sanofi India were the top new small-cap picks by Indian mutual funds and portfolio management scheme (PMS) managers in May. Equitas SFB was selected by 9 mutual funds, 10 PMS, 13 unit-linked insurance plans, and one alternative investment fund. Other small-cap picks included Indiamart Intermesh, Affle India, VIP Industries, Birlasoft, Can Fin Homes, PVR, Inox, and Exide Industries. Meanwhile, managers sold off shares of Zee Entertainment Enterprises, PVR Inox, JB Chemicals, and Gland Pharma.

From the Sensex pack, UltraTech Cement, Power Grid, Wipro, Tech Mahindra, L&T, HDFC Bank, and TCS opened higher, while NTPC, Axis Bank, Sun Pharma, Infosys, Bajaj Finserv, and Tata Steel opened in the red.

The Indian market is set to consolidate as the S&P BSE Sensex rallied over 150 points and Nifty50 closed above 18,800 levels. In the last week, the India VIX has been hovering in a small range, while volatility has decreased and comforted the bulls at support zones. Option data suggests a shift in the broader trading range between 18,550 to 19,000 zones with an immediate trading range in between 18650 to 18900 zones. Stocks include BHEL, Bajaj Consumer, and HCL Technologies among others, with suggested target prices and stop loss.

A total of 193,776 shares changed hands on the counter till 10:00AM (IST)