9 Nifty500 stocks that can rally from the current levels as per MACD levels

Despite the sharp fall of nearly 4.4 per cent in the Nifty50 index from its recent peak of 11,118 levels, there are nine stocks that are still showing a positive trend as per the MACD (moving average convergence and divergence) indicators. 

Dilip Buildcon (DBL), Oberoi Realty, Bandhan Bank, YES Bank, SUN TV, Muthoot Finance, DCM Shriram, Future Consumer and Phoenix Ltd can gain ground over the next few sessions, charts indicate. 

Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a stock's price. The MACD is calculated by subtracting the 26-period Exponential