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In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 24, 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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Domestic markets ended flat in a volatile trade due to lack of fresh triggers. Amber Enterprises, SBI, and Sagility India were notable stocks, with analysts recommending buys at dips, highlighting potential for medium-term gains despite overbought conditions and selling pressures.
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Japans Nikkei 25 Stock Average advanced for a second day, with retail shares rising after a travel pact was agreed with China. Australia and Hong Kong are still closed for the Christmas break. US equities were bolstered Tuesday by a rally in technology share, with the S&P 500 rising more than 1% amid thin trading.
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