Tag: 200 DMA
- 11 Sep
Over 90% of Stocks in Nifty 500, MidCap 100, and SmallCap 100 Trading Above 200-DMA
Over 90% of stocks in Nifty 500, MidCap 100, and SmallCap 100 are trading above their 200-day moving average (DMA), indicating that the market is nearing an overbought zone. Analysts warn of a potential correction in the near term, but say that the long-term outlook for the market remains positive. Investors should take a cautious approach and look for buying opportunities during any corrections.
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