Check out: 11 stocks that are trading over 200 DMA

Watch CNBC-TV18 live only on MYTV >>

There are different ways to analyse the inherent technical strength of a stock. One of the simplest way to choose quality stocks to bet on is by comparing their 200 day daily moving average (DMA) or simple moving average (SMA) with the current price.

According to technical analysts, stocks that trade above their 200 day DMA, simple moving average, are technically stronger than the others that are trading below.

There are as many as 11 stocks on the NSE universe that have broken their respective 200 DMA in today's trade. These are Esab India , India Glycols , JSL Stainless , Zenith Infotech , Phoenix Mills , Tanfac Industries , Essar Oil , Arrow Textiles , Ador Welding , Jay Bharat Maruti and Lumax Industries . (For further technical details click here )

If we narrow down the list of companies and just concentrate on the BSE Sensex index, we find majority of the stocks are trading below the 200 day SMA. Out of the 30 BSE stocks, 11 were trading above while 19 were below their respective 200 day moving average.

List of the Sensex stocks trading above/below their 200-DMA

Company	Last Price	Above 200-DMA
NTPC	189	187
M&M	728	714
ITC	203	177
HDFC	712	681
HUL	332	296
Bajaj Auto	1451	1414
Bharti Airtel	390	350
TCS	1157	1111
Larsen	1833	1783
Hero Honda	1891	1752
HDFC Bank	2526	2286

 

 

 

 

 

 

 

 

 

Company	Last Price	Below 200-DMA
SBI	2436	2,734
BHEL	1970	2,182
Reliance Infra	581	754
Maruti Suzuki	1161	1,313
Reliance	852	990
Infosys	2926	3,055
Tata Motors	1052	1,171
DLF	229	270
Jindal Steel	636	672
ICICI Bank	1054	1,085
Hindalco	181	210
Tata Steel	588	617
Wipro	418	445
Reliance Comm	98	123
Jaiprakash Asso	78	98
ONGC	282	301
Sterlite Ind	163	171
Tata Power	1295	1,298
Cipla	329	330