Stock recommendations from HDFC Securities: Buy Hindustan Unilever, Infosys

Nifty has never been able to close above its 5-day EMA since February 19, 2020

Stocks below 200-day moving average (DMA) have reached to 89 per cent in BSE. In March 2008, When Nifty made the bottom on a closing basis, 98 per cent stocks were below their respective 200 DMAs., During December 2011 and September 2001 bottoms, these numbers were 91 per cent and 94 per cent, respectively.

Relative Strength Index (RSI) on the monthly charts has reached oversold zone for the first time ever in the Sensex. From the all-time high of 12,430, registered in January 2020, the Nifty has witnessed a fall of 39 per cent in the span of just 45