Time to cheer or worry? 9 in 10 Nifty 500 stocks trading above 200-DMA

Out of the NSE’s top 500 stocks, 465 are trading above 200-DMAs. In the Nifty 50 index, 47 are trading above the key technical indicator. Among the Nifty stocks, NPTC, Tata Motors, L&T, Coal India, Cipla and Adani Ports are trading 20% above their 200-DMAs, while Titan, M&M, IndusInd Bank, Dr Reddy’s Lab, and Maruti are trading 17-19% above 200-DMAs.

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