Tech view: These 28 stocks are on the verge of 'Golden Cross' breakout

A "Golden Cross" breakout indicates a firm bullish sentiment in the medium-term

For the past one and a half month, S&P BSE Sensex and Nifty50 are struggling to gain new territory. Both are seemingly stuck in a tight battle against the bears. For Sensex, conquering 53,300-mark and for Nifty50 16,000 level have become a difficult feat to achieve.

On the flip side, the overall market breadth is favouring the bulls, and hinting at a strong positive sentiment. Nearly 436 or 87 per cent of the total stocks in the Nifty500 basket are trading well above the decisive 200-days moving average (DMA). This indicates a bullish environment for investors.

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