15 Stocks That Fell Below 200 Day Moving Averages, 12 That Went Above 200-DMA

Nifty took a pause near 18200 zone witnessing resistance and shed off some of its gains to take a breather closing below the 18100 levels. According to Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd (PL) the overall bias and daily trend is still maintained positive with major support witnessed near the 17900 - 18000 band and can expect again for a bounce back. The support for the day is seen at 17950 levels while the resistance is seen at 18230 levels.

Here are some stocks that have risen above 200-day moving averages according to PL

Gillanders Arbuthnot & Company, ARBU, Jindal Iron and Steel Ltd, Nat Bio, Bhansali Engineering, NACL Industries, Archid Ply Decor, Mishra Dhatu, NRB Bearings, RHI Magnesita, Havells India, Emkay Global, Jyothi Labs, MPS, HB Stock.

Stocks that fell below the 200-day moving averages

Among the stocks that fell below the 200 day moving averages include names like Saskem Communications, Vipul, Maha Rasht, Tube Investments of India, Orient Press, RPG Life Sciences, R System, Mohit Industries, IndiaBulls Real Estate, Tech Mahindra, Dodla, Sun Pharma and HDFC Life.

According to Parekh, the Banknifty also halted near the 43500 zone witnessing some sell off but the trend is maintained intact and can anticipate for further upward move in the coming days. "Bank Nifty would have a daily range of 42800-43800 levels," Parekh has said.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies Pvt Ltd and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision. The above article should not be construed as a buy recommendation from our end, as we have just provided information based on the brokerage report.