In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 20, 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:
Largecaps fairly valued, but mid & smallcaps still need correction: Shreyash Devalkar
Axis MF’s Shreyash Devalkar suggests largecaps are fairly priced, while mid and smallcaps, despite growth potential, need further valuation correction. He notes earning downgrades are