In the NSE list of stocks with a market cap over Rs 1000 crore, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on March 30, according to stockedge.com’s technical scan data. The 200-day daily moving average (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:
Explained: Why global brokerages are hitting panic button on India. FII exodus, oil shock ringing alarm?
Equity market has shifted sharply from optimism to crisis mode, marked by a record $13 billion FII outflow in March—the worst ever. The sell-off has