Strong rally lifts half of Nifty500 stocks above key long-term trend indicator

August 18, 2022

About 59 of the NSE500 stocks are currently trading 20% above their 200 DMA. Heavyweights such as ITC, Adani Enterprises, Mahindra & Mahindra, HUL, ICICI Bank, Maruti Suzuki, Bajaj Auto, and Bajaj Finance, Asian Paints, Coal India, among others, are trading 10% above their respective 200 DMAs. Among the Nifty 50 stocks, 70% are trading above 200 DMA.

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