In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on January 24, 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.
Wipro promoter entities swap 1.72% stake worth Rs 4,675 crore
Around 18.05 crore Wipro shares, representing a 1.72 per cent stake, were transacted among promoter group entities via open market deals. Azim Premji Trust sold