Tech View: Nifty50 oversold but any big respite unlikely - Business News: Latest News & Videos about market and economy | Trendmergers

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Tech View: Nifty50 oversold but any big respite unlikely

Even as the index is in oversold territory, as suggested by the 14-day RSI reading of 27, analysts said the trend broadly stays negative and the index could retest a swing low of 15,670 sooner than later. For the day, the index closed at 15,808, down 359 points or 2.22 per cent.

from Stocks-Markets-Economic Times
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