Eight stocks from the Nifty200 pack closed above their 200-day Daily Moving Averages (DMA) on August 4, as per StockEdge.com’s technical scan data. The 200-DMA is a key trend indicator used by traders to assess the broader direction of a stock. When a stock’s price moves above this level on a daily chart, it is generally considered to have entered an overall uptrend. Take a look:
Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII