These Nifty 500 stocks are experiencing a golden crossover; do you hold any?

Nifty 50 began the day lower and ended around the day's high. However, certain stocks have seen a golden crossing.

Nifty 50 began down at 17,144.8 on negative global trends but closed around the day's high. In fact, despite a dismal Friday close on fears about inflation deteriorating, prompting the Fed to maintain its aggressive monetary tightening, futures of leading Wall Street indices were trading in the green at the time of writing.

Nasdaq Composite closed Friday's session in the red, down 3.08 per cent. Dow Jones tumbled 1.34 per cent, while S&P 500 fell 2.4 per cent. Asian counterparts slumped in line with the poor global signals.

Nifty 50 closed the day at 17,311.8, up 126.1 points (0.73 per cent). Frontline indices outperformed broader market indices. Nifty Mid Cap 100 index was up 0.16 per cent, while Nifty Small Cap 100 index was up 0.45 per cent.

Nifty 50 has down 1.76 per cent in the last month. Despite this, there were some bright spots. We have discovered a few stocks that have achieved the golden crossing.

A golden crossing happens when a short-term moving average crosses over a significant long-term moving average. A golden crossing occurs when a 50-day moving average (DMA) crosses a 200-day moving average (DMA) from below.