In the Nifty500 pack, 6 stocks closed above their 200 DMA (Daily Moving Averages) on May 30, according to StockEdge’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 in the short term. Take a look:
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