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

Nifty 50 opened flat with an upward bias on favourable global trends. In this post, we have highlighted the list of powerful stocks that are experiencing a strong positive breakout.

Today's session started on a flat tone with a positive bias at 18,288.25 as opposed to its previous closing of 18,202.8. This is due to the upbeat global trends. On Tuesday, leading Wall Street indices advanced for the third day in a row.

In addition, as the midterm elections approached, treasury yields fell. It will be fascinating to observe if Capitol Hill experiences a power shift. In overnight trade, Nasdaq Composite increased 0.49 per cent, Dow Jones ascended 1.02 per cent, and the S&P 500 soared 0.56 per cent.

Although Wednesday's trading session on the Asian markets got off to a better start, everyone is now waiting to see how the US midterm election results turn out. China's CPI inflation increased at an annual rate of 2.1 per cent in October 2022. This is lower than expected owing to an increase in Covid-19 cases, which added new challenges to the economy.

Nifty 50 is trading flat at 18,209.5 at 10:45 a.m., up 6.7 points or 0.04 per cent. Frontline indices are performing in line with the broader market indices. Nifty Mid-Cap 100 index was up 0.07 per cent, while the Nifty Small-Cap 100 index was down 0.04 per cent.

According to November 7 statistics, FIIs were net buyers while DIIs were net sellers. Foreign Institutional Investors (FII) purchased shares worth Rs 1,948.51 crore. Domestic Institutional Investors (DII) sold shares worth Rs 844.2 crore. FIIs are net buyers so far in November 2022, while DIIs are net sellers.

The following is a list of powerful stocks that are experiencing a strong positive breakout.