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In the Nifty500 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on February 20, 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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Sensex and Nifty declined amid fresh tariff threats and weak Asian markets. Focused stocks included Just Dial, Adani Enterprises, and JBM Auto with distinct movements. Analysts suggest buying these stocks at dips for long-term gains, with specific target levels and stop loss points.
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In a parallel development, the RBI did not accept bids for the 91-day and 182-day treasury bills at an auction held on Thursday. However, it accepted 7,000 crore worth of bids for the 360-day auction at 6.5638%.
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