Nifty’s hourly momentum indicator has a negative crossover and so the rallies are short-lived and failing to persist at higher levels. Traders should opt for buy-on-a-dip strategy around 23,150 – 23,100.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The