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​At a time when markets are looking to retest all-time high levels, select stocks from the Nifty500 pack are languishing in the current financial yea

Several Indian stocks, including HDFC Bank, Kotak Mahindra Bank, and Indian Railway Catering and Tourism Corporation, surged above their 200-day Simple Moving Average (SMA) on June 16, 2023, signaling a potential shift in market sentiment and presenting new opportunities for investors. Crossing above the long-term moving average is considered bullish. The development has caught the attention of market participants who are closely monitoring the stocks for potential investment opportunities, especially HDFC and Kotak Mahindra Bank in the banking sector and IRCTC in travel and hospitality. Other stocks maintaining positions within a favorable trading range include Bajaj Finserv and Ambuja Cements.

The Nifty Pharma index closed 0.17 per cent up at 13264.65.

Although Nifty almost hit a lifetime high at 18,881, it formed a bearish reversal pattern and ended 71 points higher. Nifty has been making higher highs for the past five sessions, but now there is pressure and profit-booking at higher levels. For an uptrend, Nifty has to cross and maintain above 18,777 zones. The support levels are at 18,710 and 18,676 zones. According to technical analysts, Bank Nifty is playing spoilsport and preventing Nifty from reaching an all-time high due to the head and shoulders pattern.

Stocks that were in focus included names like ITC, which closed flat but hit a fresh record high, Titan Company, which also hit a fresh high, and Alok Industries, which closed with gains of over 10% with high volumes on Monday.

Doji and Near Doji patterns play a key role in technical analysis by indicating market indecision and potential reversals or trend changes. Recent stocks exhibiting these patterns include Galaxy Surfactants, Five-Star Business Finance, Affle (India), One97 Communications, Endurance Technologies, RHI Magnesita India, Global Health, Adani Transmission, and Lloyds Metals & Energy. Investors should also consider other technical indicators, trend analysis, and market conditions before making investment decisions. Seeking advice from financial professionals or experts is recommended.

ETMarkets has identified five Indian stocks with bearish Moving Average Convergence Divergence (MACD) crossovers. The list includes cement manufacturer Ambuja Cements, private bank Axis Bank, electrical equipment company Havells India, adhesives maker Pidilite Industries, and automobile manufacturer Tata Motors. While the bearish crossover indicates a potential downward trend, investors should consider factors such as financial performance, market conditions, and industry trends before making any investment decisions.

The Nifty Bank index was trading 0.57 per cent down at 43688.7.

Small-cap companies have been surging on the BSE, with several reaching their 52-week highs, offering unique opportunities to investors. This article lists the top 10 small-cap stocks that have attained new breakout points, which include firms such as Ajmera Realty & Infra India and Bharat Dynamics. These companies represent different sectors such as defence and logistics and display unique strengths such as strategic expansion or technological expertise. Investors interested in capitalizing on this market trend should keep abreast of developments to make informed investment choices while consulting with financial experts.

Leading export house, HMA Agro Industries, is launching an initial public offering (IPO) for INR480 crore ($64m) on 20 June. The subscription will finish on the 23 June. One-third of shares will be reserved in the public offer, with 50% offered to institutional investors and 15% to non-institutional investors. The company has demanded a premium price of INR585 on each equity share, in contrast with its unlisted shares trading at a premium of INR28, with Aryaman Financial Services acting as lead manager to the issue and Bigshare Services acting as registrar.