In the Nifty500 pack, 16 stocks closed above their 200-day moving average (DMA) on May 7, 2026, according to technical scan data from StockEdge. Among these, we have highlighted the top eight stocks that posted gains of more than 3%. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
