 "BSE")
More than four-fifths or 408 of BSE-500 stocks have slipped below their 200-day moving average (DMA) following the sell-off in equity markets.
The 200-DMA — nearly a year’s average of closing prices — is analysed by traders to understand the market sentiment. A fall below these levels indicates a weak trend.
Among individual stocks, Solar Active Pharma Sciences is trading more than 60 per cent below its 200 daily moving average (DMA). Indiabulls Real Estate is trading 50 per cent below its 200 DMA. Stocks like Dilip Buildcon, RBL Bank, Welspun India and Metropolis are trading more than 40 per cent below
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