Amidst geopolitical tensions and potential oil price surges due to US-Iran conflict, Indian markets show resilience. Nifty and Bank Nifty face key resistance levels, while IT sector interest remains strong but cautious. Financial services attract FII buying, and mid/small caps outperform, favoring fundamentally strong companies. Investors should hold winners like Swiggy and losers with support levels.
The RSI myth: Does this popular trading indicator actually work?
A 25-year backtest of RSI strategies across Indian indices reveals that long-only approaches yield promising results, particularly the RSI 30-70 reversal method for patient investors.