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

Despite conflicting global trends, Nifty 50 began in the green. In this post, we have identified top stocks that are experiencing a solid positive breakout.

On Tuesday, Nifty 50 began higher at 17,031.75 compared to its previous closing of 16,985.7. This was despite mixed global trends. The leading Wall Street indices concluded mixed on Monday. Regional bank shares rose following First Citizen Bank's takeover of the troubled Silicon Valley Bank. Meanwhile, according to media sources, US authorities are considering increasing an emergency loan program for banks, causing the US 10-year bond rate to rise from 3.4 per cent to 3.51 per cent.

In overnight trade, Nasdaq Composite fell 0.47 per cent, Dow Jones Industrial Average rose 0.6 per cent, and S&P 500 climbed 0.16 per cent. Yet, at the time of writing, their respective indices were trading higher. On Tuesday, Asian market indices were broadly higher, with Hong Kong's Hang Seng index and Australia's S&P ASX 200 index taking the lead.

Nifty 50 was trading at 16,983.4, down 2.3 points or 0.01 per cent, at 9:50 a.m. Frontline indices were outperforming broader market indices. Nifty Mid-Cap 100 index fell 0.4 per cent, while Nifty Small-Cap 100 index declined 0.35 per cent.

The advance-decline ratio on the BSE was unfavourable, with 1133 stocks rising, 1687 falling, and 121 staying unchanged. Except for realty and financial services, all other sectors were trading negatively.

FIIs were net sellers, while DIIs were net purchasers, according to statistics as of March 27. Foreign Institutional Investors (FIIs) sold shares worth Rs 890.64 crore. Domestic Institutional Investors (DIIs) invested Rs 1,808.94 crore in shares.

The stocks listed below have seen a solid positive breakout.