200 EMA breakout stocks: Axis Bank, AB Capital and Jyoti CNC Automation cross 200 EMA levels

Indian equity benchmarks continued their firm trade in the morning session, tracking a rally in global markets as investors' sentiment became buoyant after US President Donald Trump relaxed some of the tariffs on electronics for now.

The SENSEX traded at 76747.27, up by 1590.01 points or 2.12%, after trading in a range of 76435.07 and 76907.63. 29 stocks were advancing against 1 stock declining on the index.

The NIFTY50 traded at 23314.90, up by 486.35 points or 2.13%, after trading in a range of 23207.00 and 23368.35. 49 stocks were advancing against 1 stock declining on the index.

Amid the broader market rally, key stocks rallied past their 200 EMA levels, indicating strong buying momentum in them.

Axis Bank

Shares of one of the leading private lenders, Axis Bank, traded 3.8% higher at ₹1,109 apiece on the NSE at 11:51 am. The shares crossed their 200 EMA level of 1,088 in today’s market rally. Experts believe a closing above 200 EMA levels could indicate sustained bullish momentum in the stock.

Aditya Birla Capital

Shares of one of the leading non-banking financial institutions, Aditya Birla Capital, jumped 2.6% higher on the NSE at noon. The shares crossed their 200 EMA level of ₹188 apiece, indicating sustained bullish momentum in the stock price.

Jyoti CNC Automation

Shares of Jyoti CNC Automation jumped 6.8% higher on the NSE at ₹1,080 apiece at noon. The share price crossed its 200 EMA level of ₹1,050 and continued to trade above it in the mid-market session.

Apart from the above-mentioned stocks, shares of Karur Vysya Bank, Adani Energy Solutions, Affle India, CESC, and Kfin Technologies also traded above their 200 EMA levels.

Disclaimer: This article is for informational purposes only and must not be considered investment advice from Upstox. Past returns are not indicative of future performance. Please consult with a financial advisor before trading and investing.