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Nifty 50 is approaching 16200, a key resistance level and the 50-Day Moving Average. Continue reading to learn about stocks that are experiencing a price volume breakout.

The Reserve Bank of India (RBI) has announced a series of measures to diversify sources of forex funding to reduce volatility and dampen global spillovers. These policies are intended to increase foreign exchange inflows.

Asian indices were trading higher on Thursday. Furthermore, oil fell further from USD 100 per barrel as investors weighed the Federal Reserve's stance to combat inflation, even though such action would result in an economic slowdown.

Notwithstanding the lacklustre Asian cues, the Nifty 50 rallied and retested 16,000 levels on July 6. The Nifty 50 closed at 15,989.8, up 1.13 per cent or 178.9 points. As a result, domestic markets outperformed the rest of Asia.

Gold futures experienced their longest losing streak since March 2019 as they dropped nearly 1.6 per cent to settle at 1,736.50 dollars per ounce.

West Texas Intermediate (WTI) crude oil futures closed 1 per cent lower at 98.53 dollars a barrel, falling below the 100 dollars mark. Prices ended 20 per cent below the recent high, which was 123.70 dollars on March 8.

The following stocks have experienced a price volume breakout.