In the Nifty500 pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 10, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
How to trade eClerx, Piramal Pharma, Deepak Fertilizer in next session
Indian market closed in the green for the second consecutive day in a row on Wednesday tracking positive global cues. The BSE Sensex index rose