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Axis Bank, Bajaj Auto: Nearly 45% of Nifty500 stocks trading below 200-DMA

Stocks breaching 200-DMA may see aggravated selling pressure in coming sessions.

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Stocks below 200-DMA

Avdhut Bagkar Puneet Wadhwa Mumbai / New Delhi

4 min read Last Updated : Jan 25 2022 | 1:26 AM IST

The broader indices, the BSE Sensex and the NSE Nifty, lost considerable ground in the last week and slipped nearly 4 per cent each. This sharp fall has pushed several stocks, especially from the broader markets, below the 200-day moving average (200-DMA).

Technically, traders and investors view 200-day moving average (DMA) as an indicator to decide on the investment strategy. Although this is a simple mean of 200-sessions, the existence of any stock above and below it exhibits the underneath strength and momentum. Any stock trading above 200-DMA is seen positively by traders and investors as it is likely to

Topics : Wipro Adani Ports & Special Economic Zone Ltd Bearish market Market technicals stocks technical analysis technical charts Market Outlook Axis Bank

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