In the Nifty 200 pack, seven stocks closed below their 200 DMA (Daily Moving Average) on March 9, according to StockEdge’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that a stock’s price is below its long-term trend line. The 200 DMA is widely used by traders as a key indicator to determine the overall trend in a particular stock. Take a look: