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Adani Port, Hero Moto: 86 stocks from Nifty500 can see over 10% upside

Mahindra & Mahindra, Page Industries, TVS Motor Company, and Wockhardt are among the noticeable names that are exhibiting trend reversal.

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If the reversal support of 100-DMA remains strong, then the rally may surge over 10 per cent in quick trading sessions

Avdhut Bagkar Mumbai
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 sentiment. The widely used moving averages are 50-DMA, 100-DMA and 200-DMA. The

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First Published: Oct 30 2020 | 11:23 AM IST

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