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PVR, Inox Leisure: Reopening of cinemas in West Bengal can trigger a rally

PVR and Inox Leisure gained ground on Monday morning, after West Bengal Chief Minister Mamata Banerjee said on Saturday that cinema halls and open-air theatres will be allowed to operate in the state from October 1 with a limited number of participants. Is it a good time to buy stocks of multiplex operators amid unlocking of the economy? Here's what charts suggest. NIFTY MEDIA: A “Golden Cross” with a breakout above 1,700 may see a sharp rally towards 2,000 levels from a medium-term perspective. On Monday, the index managed to reverse and cross 50-days moving average (.....

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