In the Nifty 200 pack, seven stocks closed below their 200 DMA (Daily Moving Average) on March 9, according to StockEdge’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that a stock’s price is below its long-term trend line. The 200 DMA is widely used by traders as a key indicator to determine the overall trend in a particular stock. Take a look:
Oil jumps 3% after US, Iran escalate strikes in Mideast
Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes