The number of index constituents trading above 200-DMA, another technical indicator, is also favourable. At present, 70% of the Nifty 50 constituents are trading above the threshold — one of the highest among the all major markets, according to Bloomberg data.
Why Digant Haria sees little chance of a runaway rally before elections in 2024
“Buying and selling is probably happening in the same sectors. We are not selling real estate stocks and going into chemicals or going into the