In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 15, 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:
BSE, IndiGo likely to replace IndusInd Bank, Hero MotoCorp making way in Nifty50 index
BSE Ltd and InterGlobe Aviation may soon be part of the Nifty 50 index. A reshuffle is expected in August. The revised list will likely