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Chart check: 97% Nifty500 stocks trade above their respective 200-DMA

Stocks crossing 200-DMA are expected to attract more buying momentum with prices seen rallying further

markets, stock markets, stock market, trading, technical analysis, technical, trading
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Avdhut Bagkar Mumbai
The sentiment and momentum in the Indian markets these days is that of extreme positivity. Spurred by the hope of a rebound in global economy and encouraging news on Covid-19 vaccine front, both the domestic benchmark indices are making their way into uncharted territory almost on a daily basis, with the Nifty50 index now eyeing the landmark level of 14,000. The overall scenario is that of a strong buying sentiment.

ALSO READ: 2021 could be the year of mid-and small-caps, say analysts

At current levels, nearly 97 per cent of the stocks in the Nifty500 are safely

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First Published: Dec 29 2020 | 12:11 PM IST

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