Monday, May 4, 2020

Over 360 stocks in Nifty500 trading below 50 200-DMA; what should investors do?

Over 360 stocks in Nifty500 trading below 50 200-DMA; what should investors do? The Nifty50 formed an ‘Island Reversal’ pattern on the daily charts on May 4 which is a reversal pattern, and the next big support for the index is placed at 9,250, and below that 8,900-8,800, suggest experts.

from Moneycontrol Market Outlook https://ift.tt/2YyMXLZ
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