In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 21, 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.
Nifty faces further downside after breaking key support levels: Rohit Srivastava
Rohit Srivastava, Founder of Strike Money Analytics, highlights the impacts of a rising dollar and bond yields on the Nifty, predicting further downside with significant