SENSEX NIFTY
Apr 16, 2009, 12.10 PM IST | Source: CNBC-TV18

26 Nifty stocks above 200 DMA

The 50-share NSE closed the day above 200 DMA (Daily Moving Average) on Wednesday. Lot of stocks were also trading above their 200 DMA; 26 Nifty stocks were above 200 DMA while 24 Nifty stocks out of 50 were trading above 20, 50 and 200 DMA. 45 Nifty stocks were below 200 DMA on March 9.

The 50-share NSE closed the day above 200 DMA (Daily Moving Average) on Wednesday. Lot of stocks were also trading above their 200 DMA; 26 Nifty stocks were above 200 DMA while 24 Nifty stocks out of 50 were trading above 20, 50 and 200 DMA. 45 Nifty stocks were below 200 DMA on March 9.

Here is a transcript of Research Analyst, Anichya Shahs comments on CNBC-TV18. Also watch the accompanying video.

The 50-share NSE closed the day above 200 DMA (Daily Moving Average) on Wednesday. Lot of stocks were also trading above their 200 DMA; 26 Nifty stocks were above 200 DMA while 24 Nifty stocks out of 50 were trading above 20, 50 and 200 DMA. 45 Nifty stocks were below 200 DMA on March 9.

RIL, ONGC, Cairn, GAIL, SAIL, Sterlite, Hero Honda, M&M, Maruti, Tata Motors, ACC, Ambuja Cements, NTPC, Reliance Infrastructure, Tata Power, HDFC Bank, PNB and BHEL were above 20, 50 and 200 DMA.

Stocks to watch

The BSE 500 Index is still below 200 DMA. Auto, FMCG and oil & gas are prominent indices, which are above their 200 DMA.

Market turnover

Total turnover crossed Rs 1 lakh crore mark in yesterday's trade, which was highest since September 25, 2008 and highest for non-expiry day since January, 2008.

The Sensex hit its highest level in more than 6 months and has seen 8th consecutive session of an upmove.

Cash volumes were at Rs 28,697 crore (NSE+BSE) as against a 5 DMA of Rs 20,428 crore (up 40%). F&O volumes were at Rs 72,224 crore as against 5 DMA of Rs 55,744 crore (up 30%).

READ MORE ON  Anichya Shah

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