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The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Identical Three Crows is a three-day pattern in which there are 3 candlesticks in a downward pattern, with each candlestick opening at the close of the previous candlestick in an upward trend.​

In the NSE list of stocks with a market cap of over Rs 10,000 crore, six stocks crossed their previous 5-year high value at the close on May 22.

Sudip Bandyopadhyay of Inditrade Capital, believes that Adani Ports, Gujarat Ambuja, and ACC are good investments for long-term investors. He states that Adani Ports is a fantastic company with an excellent future closely linked to the growth of India, making it a good buy even after recent increases in valuation. Gujarat Ambuja and ACC are strong businesses in the cement industry, set to benefit from significant construction and infrastructure activity in the next 1-1.5 years. Adani Wilmar is another company with potential for long-term growth and investment.

Max Life Insurance CIO Mihir Vora says that banks and NBFCs are still an attractive investment, while the manufacturing industry is seeing growth boosted by incentives. Though domestic consumption is uncertain, manufacturing presents a silver lining, propelled by private and government development. Plunging TCS of 20% will not significantly affect markets or foreign travel, however, capital goods majors, particularly MNCs, are still recommended as a portfolio strategy.

It is a stock selection-based approach of investing in businesses rather than betting on macro, says Prateek Pant, Chief Business Officer at the asset management firm.

Indian market is slated to trade higher driven by global cues. S&P BSE Sensex rose over 200 points, while Nifty50 closed above 18300. India VIX was up by 2.20% from 12.30 to 12.57 levels. Options data indicates a broader trading range between 18000 to 18500 zones, with an immediate trading range between 18150 to 18450 zones. Traders with a short-term horizon can buy JSW Steel, HCL Technologies, and DLF. While L&T, Bharat Electronics, HCL Technologies, and Bajaj Consumer are recommended by another expert.

Three stocks have been banned for trade under Future & Options on Tuesday, May 23, due to crossing the 95% open interest on these stocks. The three stocks include Indiabulls Housing Finance, Manappuram Finance and L&T Finance Holdings (L&TFH). The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Deven Choksey, the MD of KRChoksey Holdings Pvt. Ltd, prefers National Stock Exchange (NSE) over CSK, as NSE has a large balance sheet and holds a significant amount of cash. He believes that the stock exchange business has relatively higher predictability of revenue in the future. NSE has the potential to grow as its market capitalization could increase four-five times in the next 10-15 years.

Adani Enterprises was the top gainer in Nifty as it rallied another 10% to Rs 2,558.70. Adani Ports added another 7% as all the 10 Adani stocks were in demand.