Six Nifty500 stocks move above key long-term average

Six stocks within the Nifty500 index saw their closing prices move above their 200-day moving averages on October 16, 2026, based on technical scan data from StockEdge.

Price Details

The first stock closed at a last traded price of Rs 833.15, compared to its 200-day moving average of Rs 754.68. The second stock reached an LTP of Rs 448.95 against a 200 DMA of Rs 441.26. The third stock recorded an LTP of Rs 982.1 with a 200 DMA of Rs 974.8. The fourth stock traded at Rs 474.75, moving past its 200 DMA of Rs 472.11. The fifth stock closed at Rs 1,905 against a 200 DMA of Rs 1,896.68. The final stock reached an LTP of Rs 28,990 compared to a 200 DMA of Rs 28,975.38.

Context

Traders watch the 200-day moving average closely to understand the main direction of a stock. A price staying above this average usually points to a positive overall trend.