Nifty 500: 350 stocks below 200-DMA; ACC, Hero Moto, HUL new additions

Over 10 stocks slipped below their 200-DMA on Tuesday after the Nifty50 broke below its sentimentally important level of 16,400, while the Sensex lingered near 55,000-mark

As many as 368 stocks from the Nifty500 universe are witnessing bearish sentiment at the current juncture, with every upmove witnessing a selling pressure. Nearly 350 stocks are trading under their respective 200-DMA, with 14 new stocks slipping below their 200-DMAs on Tuesday, including the likes of ACC, Blue Star, Britannia Industries, Chambal Fertilizers & Chemicals, Escorts, Hero MotoCorp, Hindustan Unilever, MRF and Marico. 

The 200-day moving average (DMA) is the most acknowledged indicator used by investors and traders while taking an informed decision. Stocks trading over 200-DMA are said to rise further, as they have a bullish undertone, while those