The momentum indicator RSI (14) is in a bullish crossover. Chart readers said Nifty is placed at the edge of an upside breakout of the crucial hurdle at 18200 levels. “For Nifty the target is seen at 18221 and then on the upside, major hurdles will be at the 18,473 mark,” said Prashanth Tapse of Mehta Equities.
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week
BSE’s derivatives activity fell sharply in the first week of the Closing Auction Session, but higher premiums more than offset the decline in contracts. Premium