Varun Beverages has retested the falling trend line on the daily chart before going higher. On the higher end, the index has found resistance at the 14DMA (Rs 1,334.65) during the day s trade on March 22.
On Monday, 1330 stocks advanced, 2233 declined and 175 remained unchanged with advance decline ratio of 0.59 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets.
On the Bombay Stock Exchange (BSE), 1784 stocks advanced, 1414 declined and 165 remained unchanged with advance decline ratio of 1.26, indicating a positive closing of stocks in broader markets.
On the Bombay Stock Exchange (BSE), 1869 stocks advanced, 1018 declined and 125 remained unchanged with advance decline ratio of 1.83, indicating a positive closing of stocks in broader markets.