Positive breakout charts : Ceat, NTPC and HDFC AMC among other stocks that crossed 200 DMA levels

NIFTY 50 and SENSEX gained 4.2% for the previous week, marking one of the best closings since July 2022, amid the rally led by FIIs turned net buyers for the last week with approximately ₹5,000 crore of equity buying after the relentless selling in the past five months. The NIFTY50 and SENSEX are now up nearly 7% from the lower levels.

On technical charts, NIFTY and SENSEX touched their daily 200 DEMA levels of 23,397 and 77,137. However, the NIFTY midcap 100 and small-cap 100 trade far away from their 200 DEMA levels indicating more room for the upside.

Market participants expect some consolidation at the current levels at the benchmark levels after a sharp rally from lower levels. Despite consolidation, some stocks continue to show a shift in the trend by crossing their 200 DEMA levels comfortably.

Ceat Ltd Shares of Ceat Ltd, which is one of the leading tyre manufacturers gained momentum on Friday after the price crossed its 200 DEMA level of ₹2,789 by closing 2.6% higher at ₹2,840 a piece. The shares have jumped nearly 21% from the recent lows after falling nearly 35% from the previous 52-week high levels touched in December 2024.

HDFC AMC The share price of HDFC AMC gained 0.67% apiece on the NSE at ₹3,994 on Friday and closed above its 200-DEMA level of ₹3,979. The shares are now trading nearly 12% higher from the lower levels.

NTPC Ltd The state-run power and transmission company, NTPC Ltd crossed its 200-DEMA levels on Friday by closing 2.7% higher at ₹351 apiece on the NSE. The shares 21% down from the record-high levels last touched in October 2024.

Shares of Ajantha Pharmaceuticals, Apollo Hospitals, BLS International, Chalet Hotels, EID Parry and Sugar, Firstsource Solutions, Hindustan Petroleum, Indus Tower and more crossed their 200 DEMA levels on Friday.