Historically, the benchmark index made a trough whenever the long-short ratio dropped to 0.2-0.3. In the past five years, there were only 19 such instances out of total trading days of 1417.
Budget over, bulls back faster, higher, stronger
The NSE Nifty rose 428.75 points, or 1.76%, to close at a record of 24,834.85. The index hit a lifetime high of 24,861.15 during the