Chart Check: 87 stocks in Nifty F&O segment are still trading below 200-DMA

The futures & options (F&O) segment of the Nifty50 index comprises approximately 203 stocks, considering changes based on the ban period. The recent rise in the indices has led to a steep rise in many stocks. Scrips such as Ujjivan Financial Services and Allahabad Bank have spurted 20 per cent. Other major stocks, too, have risen approximately 12-14 per cent, taking support above 200-day moving average (DMA).

However, there are a few stocks still short of investor’s attention. Chart shows as many as 87 stocks are trading below their 200-DMA. Among them, Adani Ports, Ajanta Pharma, Amara Raja Batteries, Cadila Healthcare,