Domestic equity markets were highly volatile on Friday as investors juggled between largely positive corporate earnings and weak global cues. The benchmark S&P BSE Sensex hit an intra-day high and low of 39,988 and 39,340 levels, respectively, with market breath favouring the bulls.
In such a volatile market, while long-term outlook remains intact, investors tend to read through technical indicators for short-term trading bets. One such indicator is daily moving averages (DMA). The strength, intensity and momentum of this DMA level results in a firm rally that triggers an optimistic ...
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