“Oscillators are overbought, but they have been so for some time already now, and have been less effective because of the directional nature of the index,” Anand James – Chief Market Strategist at Geojit Financial Services, said.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.