ACC, Cipla: 66 Nifty 500 stocks show weakness on charts

The national stock market is on a record wave. On Friday, the benchmark S&P BSE Sensex index hit a new all-time high of 46,309.63 during intraday deals, while NSE’s Nifty climbed a record high of 13,579.35.

From their March 2020 lows, both Sensex and Nifty are up 80%, data from NSE and BSE shows. However, amid this relentless rally, few stocks show weakness in their respective technical parameters. For example, up to 66 stocks, including select pharmaceutical and cement counters, of the Nifty 500 Index are expected to see earnings reserve in the next …

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First Post: Friday Dec 11, 2020 11:44 AM IST

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