ALSO READ: 2021 could be the year of mid-and small-caps, say analysts
The 13 stocks which are trading below 200-DMA are:
Source: www.spidersoftwareindia.com
In the Nifty Midcap 100 Free stocks, 98 are trading above their respective 200-DMAs. One can clearly observe the firm strength and move midcap stocks are exhibiting from the last few months. Having 98 stocks in optimistic territory shows a strong underneath current that is expected to push the stocks to higher levels. The two stocks trading below the average are: Yes Bank Limited and Future Retail Limited.
ALSO READ: Midcaps, smallcaps set to outperform benchmarks in near-term: HDFC Sec
Similarly, 96 stocks in the Nifty Smallcap 100 Free index are showing a firm upside bias and are tading above their 200-DMAs. Stocks like JB Chemicals & Pharmaceuticals Limited, Laurus Labs Limited, Persistent Systems Limited, PVR Limited, Rain Industries Limited, Suven Pharmaceuticals Limited, Vakrangee Limited, etc are hinting at more upside, going forward, on the charts. The four stocks trading below 200-DMA are
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