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Aegis Logistics saw a strong breakout after recent consolidation, and formed robust bullish candlestick pattern on the daily charts with significantly higher volumes. The stock traded above all key moving averages, which is a positive sign.
The Employee Stock Option Scheme, being a special resolution, required at least 75 per cent votes in favour. Only 63.8 per cent of the votes polled were in favour of the resolution with 36.19 per cent against, as per the filing.
Small and midcaps space has bottomed out and technical patterns show resumption of the bull phase is due soon, according to Nuvama
Market has reached an oversold condition at key support levels and the current situation represents a corrective phase within the ongoing bull market. This indicates a potential opportunity to initiate long positions.
Based on the OI percentage, 65 stocks saw long unwinding, which included Alkem Laboratories, HDFC AMC, Voltas, Ipca Laboratories and MRF