Om Mehra, SAMCO Securities, notes that Nifty’s daily chart shows a bullish hammer pattern, hinting at a trend reversal. After consolidating around 23,150–23,200, the index seems poised for an upward move. Positive RSI divergence and a narrowing MACD histogram indicate reduced bearish pressure, supporting potential consolidation or a minor pullback before further gains.
Big investors ditch tech ahead of expected September stocks slump
Big investors, fearful of September’s typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff
August 20, 2025