Analysts say positional traders should book profits after the breathtaking rally. Technical data shows the MACD was above its center and Signal Line, which is a bullish indicator. However, the RSI was at 80.4, indicating that it could be in an overbought zone and the stock may show some pullback.
Sensex snaps 3-day gain, Nifty holds 25,900 amid IT selloff
Benchmark indices Sensex and Nifty ended largely flat on Wednesday, with the 30-share Sensex snapping its three-day gaining streak, while Nifty managed to close marginally