More than half of Nifty 500 stocks now in downtrend

December 23, 2024

Of the 492 stocks on the NSE 500 stocks with 200 DMA data available, 268 are now trading below it. Last week’s sell-off has had a bigger impact on the market trend than the weakness in the whole of October when less than 5% of the NSE 500 stocks traded below the 200-DMAs.

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