Today, the Bank Nifty broke a strong support level of 42400, resulting in an impulse movement of 100-150 points, which is favorable for intraday traders. Case 1: Now the support becomes resistance, i.e., 42400. If it closes below 42400, there is a strong possibility that the market will cover the gap of 200 points.
Case 2: If the market closes above 42400, it...
HAPPY INDEPENDENCE DAY. HERE IS MY VIEW ON TOP COMPANIES AS PER MARKET CAP TO DO SIP IN THEM.
WHAT IS A SYSTEMATIC INVESTMENT PLAN?
A systematic investment plan (SIP) is a plan in which investors make regular, equal payments into a mutual fund, trading account, or retirement account such as a 401(k). SIPs allow investors to save regularly with a smaller amount of...
RSI AT 80
RSI(RELATIVE STRENGTH INDEX)-The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff.
Simply above 80 overbought (bearish sign)
below 30(bullish sign)
