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In the Nifty 500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 4, 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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The US president and Tesla boss were formerly close allies before a dramatic falling out in recent weeks.
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Cement stocks are attracting buyers again. Prices have increased, and first quarter results are expected to be strong. UltraTech Cement and Ramco Cements show promising uptrends. Experts predict growth in the cement sector, driven by rising demand and cost efficiency. While near-term valuations may be full, cement remains a good long-term investment. Analysts recommend UltraTech and JK Cement.
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