22 Nifty500 stocks trade above 200 DMA; bullish sentiment to stay
As the stock crosses 200 DMA, the support becomes stronger and resistance gets pushed up higher. When a stock moves up above its 200 DMA, major buying is usually seen around immediate support levels
 "22 Nifty500 stocks trade above 200 DMA; bullish sentiment to stay")
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SMEs at large do not understand forex and the concept of hedging, which banks often exploit. (Photo: iStock)
The 200-days moving average (DMA) is used by investors to identify the trend. Basically, the average indicates sentiment turning from bearish to bullish from a medium-term perspective when a stock crosses 200-DMA while rising.