In the Nifty 500 index, 427 stocks are trading below the 200 DMA, while 68 are above it, according to Axis Technical and Derivatives.
Short-term dips seen as healthy realignments, not trend reversals: Deven Choksey
Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests the market is experiencing sector and stock rotations, with investors shifting from significantly appreciated stocks like Reliance