Chart check: 97% Nifty500 stocks trade above their respective 200-DMA

Stocks crossing 200-DMA are expected to attract more buying momentum with prices seen rallying further

The sentiment and momentum in the Indian markets these days is that of extreme positivity. Spurred by the hope of a rebound in global economy and encouraging news on Covid-19 vaccine front, both the domestic benchmark indices are making their way into uncharted territory almost on a daily basis, with the Nifty50 index now eyeing the landmark level of 14,000. The overall scenario is that of a strong buying sentiment.

At current levels, nearly 97 per cent of the stocks in the Nifty500 are safely