In the Nifty50 pack, four stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on April 7, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Market movement to be limited in coming quarter; be neutral on pharma: Amit Khurana
Amit Khurana of Dolat Capital anticipates limited market movement in the coming quarter due to headwinds, suggesting a cooling period before renewed buying. Upside potential