Paytm, Sun Tv, Prestige: 5 stocks where the momentum has turned favourable

Among the key momentum oscillators, the 14-day RSI, MACD and Stochastic Slow on selective basis have turned positive for these five stocks.

The market mood seems to be clouded with gloom amid fears of sustained FII outflows, as US Treasury yields hover around 16-year highs at 4.8 per cent. Sentiment in global markets too has been fairly bearish on worries over economic slowdown in the US and China.

Back home, the NSE Nifty has fallen over 4 per cent, in less than three weeks, from its all-time high of 20,222 registered on September 15. During the same period, the broader Nifty 500 index has declined a little more than 3 per cent.

Despite the somber mood, there have always been some pockets of outperformers