A strong positive breakout seen in these three Nifty 500 stocks; do you hold them?

Nifty 50 began flat, with a negative bias, amid gloomy cues from Asian counterparts. Even so, this article speaks about the top three stocks with a strong positive breakout.

Nifty 50 began today's session flat and with a bearish tilt. This occurred amid gloomy global signals. The US dollar has reached a fresh one-month high, while Asian indices are also down.

On Thursday, the major US indices on Wall Street finished in the green. Nasdaq Composite jumped 0.21 per cent, Dow Jones gained 0.06 per cent, and S&P 500 climbed 0.23 per cent. But Dow Jones and Nasdaq 100 futures were trading flat.

Investors are still analysing the Fed's minutes from Wednesday. The data shows the economy is quite solid. Yet market participants expect a 50 basis point rate rise in September. This is as against the 75 basis point rate hike expected before.

Brent Crude was down 0.25 per cent to 96.3 dollars a barrel, while WTI futures fell 0.23 per cent to 90.2 dollars per barrel.

Nifty 50 index was down 184.35 points, or 1.03 per cent, at 17,772.15 as of the time of writing. Broader market indices were performing in line with frontline indices. Nifty Mid-Cap 100 index fell 1.27 per cent, while the Nifty Small-Cap 100 index declines 0.98 per cent.

As of August 18, Foreign Institutional Investors (FII) sold Rs 1,706 crores worth of shares. Domestic Institutional Investors (DII) purchased shares worth Rs 470.79 crores. The advance-decline ratio was underwhelming. Roughly 1,286 stocks were up, 1,994 were down, and 133 remained unchanged.