The relative strength index (RSI) is at 33.1. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is below its signal and center line, this is a strong bearish indicator.
Analysts anticipate that bulls will regain control in the Indian equity markets once the Nifty index breaks above 18,600 on a closing basis. The breakthrough
The positive momentum in the country’s markets helped their case. Some big names on the list include IndusInd Bank, Hindustan Aeronautics, Titan, Ultratech, Kotak Mahindra
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