A negative breakout is seen in these stocks; do you hold them?

As a result of a global selloff, Nifty 50 opened the week down. In this post, we have compiled a list of stocks that have seen a negative price volume breakout.

As a result of the global selloff, Nifty 50 opened with a gap down at 17,156.3. The leading Wall Street indices continued to fall on Friday. This can be attributed to market participants' persistent selloff in the face of the US Fed's ultra-hawkish approach.

It is predicted that such interest rate policies will cause the US economy to enter a recession. Nasdaq Composite sank 1.8 per cent, Dow Jones lost 1.62 per cent, and S&P 500 dropped 1.72 per cent. Nasdaq Composite, Dow Jones, and S&P 500 all declined 5.03 per cent, 4 per cent, and 4.8 per cent, respectively, on a weekly basis.

Nifty 50 was trading at 17,040.3 at the time of writing, down 287.05 points (1.66 per cent). Frontline indices outperformed broader market indices. Nifty Mid-Cap 100 index plummeted 3.43 per cent, while Nifty Small-Cap 100 index dipped 3.82 per cent.

According to the report, FIIs were net sellers on September 23, while DIIs were net purchasers. Foreign Institutional Investors (FII) sold Rs 2,899.68 crore worth of shares. Domestic Institutional Investors (DII) purchased shares worth Rs 299.1 crore.

The following is a list of stocks that have seen a negative price volume breakout.