These stocks experiencing a strong breakout; do you hold any?

Despite poor global trends, markets began today's trading with small gains. In this post, we will highlight stocks that have had a big bullish breakout.

Nifty 50 began in the green today, with modest gains amidst lacklustre global signals. On Friday, the US employment data for July 2022 was released. The job figures from the United States were extremely outstanding. However, under the current situation, anything good is bad, and vice versa.

This is because such outstanding data has sparked fears about the US Fed swiftly raising rates to manage growing inflation. As a result, the major US indices finished down on Friday. The Nasdaq composite and S&P 500 fell 0.5 per cent and 0.16 per cent, respectively, on Friday, while the Dow Jones gained 0.23 per cent.

In addition, the Dow Jones and Nasdaq 100 futures are trading flat. The Nifty 50 was trading at 17,468.90 at the time of writing, up 71.35 points (0.41 per cent).

Broader markets trailed frontline indices, with the Nifty Mid-Cap index and the Nifty Small-Cap index trading flat at 0.38 per cent and 0.22 per cent, respectively. Private banks, automobiles, real estate, and media topped the charts, while IT, pharma PSU banks, and FMCG were the Top Losers.

According to preliminary statistics, Foreign Institutional Investors (FII) purchased shares worth Rs 1,605.81 crore on Friday and were net buyers worth Rs 6,991.54 crore on a month-to-date (MTD) basis. Domestic Institutional Investors (DII) sold shares worth Rs 495.94 crore and were net sellers worth Rs 1,765.59 crore on an MTD basis.

The following is a list of the top stocks experiencing solid positive breakouts.