 "bull, markets, shares, stocks, bse, growth, sensex, nse")
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
