In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 20, 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:
Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Zinka Logistics Solutions (BlackBuck) saw a Rs 302 crore block deal as Peak XV Partners trimmed stake. ADIA, MIT, and ICICI Prudential emerged as key