In the Nifty 500 index, 427 stocks are trading below the 200 DMA, while 68 are above it, according to Axis Technical and Derivatives.
Valuations still hot as 60% NSE500 stocks trade above 5-year PE levels. What should investor strategy be?
Despite a five-month market downturn, 60% of NSE500 stocks are still trading above their 5-year PE levels, suggesting overvaluation. Analysts advise focusing on quality stocks