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While Nifty took 10 trading sessions to swing from the lower Bollinger band to the middle band, it took just 3 sessions to travel the upper half. This suggests that the uptrend is gaining momentum, encouraging us to believe that, despite the pace of upsides, there is more to come.
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The film has taken an estimated $87.3m globally during its opening weekend, according to Box Office Mojo.
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In the Nifty200 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on March 21, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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