The Nifty IT index has broken crucial trend-line support of 15,900 on closing basis with RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) suggesting a negative trend
Till the Nifty is trading above 10,600 levels, one should not be negative on the overall trend. Every dip should be seen as a buying opportunity with an intention to stay in trade
In some stocks, the selloff has been overdone. These stocks, as per their technical chart pattern and the Relative Strength Index (RSI) indicator, have exited the oversold territory
The "better late than never" has become the mantra of trading in these days of uncertainty.
In recent times, the crossovers of 14-day moving average (MA) with 9-day exponential moving average (EMA) have been analysed to identify an immediate trend.