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In the Nifty500 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 28, 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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Angel One's Rajesh Bhosale suggests the market may remain pressured unless it surpasses 25,000, with 24,600 as a crucial support level. While FMCG and pharma sectors offer some support, heavyweights lag.
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Monarch Surveyors and Engineering shares debuted strongly. The listing occurred on the BSE SME platform with a significant premium. The IPO witnessed substantial oversubscription across all investor categories. The company provides civil engineering consultancy services. It serves clients in roads, railways, and other sectors. The company reported revenue and profit growth.
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