Top smallcap stocks witnessing death crossover

Markets seem to be under pressure amid weak global cues. In this article, we would be listing top smallcap stocks witnessing death crossover. So, keep reading.

On Thursday, Nifty 50 shed for the third successive session amid losses in the US markets in the overnight trade. Yesterday, Nifty 50 witnessed a gap down opening but recovered in the first half of the trading session making a day’s high of 17,787.50, before it began to decline again. At the closing bell, Nifty 50 dropped 168 points or 0.94% to settle at 17,639.50.

Having said that, the volumes captured on the National Stock Exchange (NSE) were higher than its recent averages. On the sectoral front, healthcare sector was the top gainer, whereas oil & gas, metals, consumer durables and energy sectors led the loser’s chart. Broader market indices outperformed frontline indices as S&P BSE Midcap Index and S&P Smallcap Index ended 0.42% and 0.75% lower, respectively.

As previously said, every rally provides an opportunity to either record profit or leave your position to reduce losses. It is now time to evaluate your portfolio and exit unprofitable investments. There are several methods for accomplishing this, one of which is death crossover. The death crossing happens when the stock's 50 DMA crosses over its 200 DMA. In this article, we'll discover top small-cap stocks that are experiencing death crossover.