In the NSE midcap pack, 8 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on May 18, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates the stock’s price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend