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In the Nifty500 pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 10, 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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CEO K Krithivasan cited some signs of improvement, most notably in financial services in North America, acknowledging that the demand outlook continues to remain cautious, on an analyst call after earnings were announced. A planned press conference was cancelled due to the death of Ratan Tata.
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News and Media
A study by ETIG has shown that two out of three times over the past 10 years, the outgoing stock has either outperformed or matched the performance of the incoming stock in the Nifty.
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News and Media
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