Caution on Street: An ‘overbought’ Nifty could give up recent gains

November 18, 2022

In comparison, about 63% of Nifty 200 stocks and nearly 57% of Nifty 500 are above their 200-day EMA, indicating lack of activity in the broader markets. Hence, the recent optimism in the market appears rather lopsided, experts said.

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