In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 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:
Trading Guide: SAIL, Amber Enterprises among 4 stock ideas for Monday
Indian frontline indices continued their falling streak on Friday, declining for the fourth day in a row. They were pulled down by banks, financials and