Stocks trading close to 200 DMA in focus as market crashes

Moneycontrol Bureau

Traders are eyeing the 200-day moving average of many stocks with the market in a free fall. The 200 DMA is a key technical indicator, and a fall below this mark is usually a sign of weakness in the stock if it is not able to pull back quickly enough.

According to a list compiled by CNBC-TV18’s Varinder Bansal, stocks like Reliance Capital, UPL and Tata Motors are 2-5 percent away from breaking their 200 DMA

Other stocks close to their 200 DMA include Allahabad Bank, Andhra Bank, Union Bank, Arvind and Coal India.

Stocks which have already fallen below their 200 DMA include Hindalco, Hindustan Construction, Idea Cellular, NTPC, SAIL, L&T Finance Holdings, Tata Global Beverages, Alok Industries, Syndicate Bank and South Indian Bank.

Stocks and their 200 DMAs

Reliance Cap: Rs 485

UPL: Rs 296 Tata Motors: Rs 463

PFC: Rs 251

Hindalco: Rs 154 HCC: Rs 31 Idea Cellular: Rs 148 NTPC: Rs 138 SAIL: Rs 80 L&T Fin: Rs 71 Tata Global Bev: Rs 155 Alok Indus: Rs 11 Syndicate Bank: Rs 124  South Indian Bank: Rs 27

Also read: Margin calls may be amplifying fall in share prices