In the Nifty200 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 15, 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:
Gainers & Losers: Motilal Oswal, SBI Life among 7 stocks in action on Friday
Indian benchmark indices declined for the second consecutive session, with the Sensex shedding nearly 600 points amid rising geopolitical tensions. Stocks like SBI Life and