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Charts & Analysis

Chart Of The Day: Nifty and 200 DMA

The Nifty tends to revert to it’s 200 Day Moving Average every once in a while, but it does move a fair distance away before it converges. While the Nifty’s below the 200 DMA nowadays, how far away is it? And how far away has it been in the past? Today’s chart plots the distance, as a percentage of the close.

Nifty And 200 DMA