In the Nifty500 pack, 11 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on June 04, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is a key indicator traders use to determine the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
AI threat overblown: Why Invesco’s Hiten Jain is doubling down on IT stocks
Invesco Mutual Fund’s Hiten Jain offers a contrarian view, identifying the tech rout as a significant buying opportunity and dismissing broad PSU rallies. He highlights