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In the Nifty500 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 26, 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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News and Media
Benchmark indices ended flat amid a lack of near-term triggers. BPCL is advised to be avoided due to a lack of recovery signs. Raymond remains bearish with no signs of reversal. Ola Electric shows potential for further positive momentum with a target price of 106.
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News and Media
Initial public offerings of eight new-age internet companies in 2024 revealed a significant disparity in wealth creation between startup founders and employees. Founders amassed nearly Rs 34,000 crore, compared to Rs 8,500 crore unlocked for staff through Esops. Concerns arise over disproportionate Esop distribution and the fairness of typical four-year vesting periods.
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News and Media
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