Always watch the RSI (14) no matter what the other indicators say. In this case the RSI has flattened. This implies the NIFTY can move either way.
Price > 20 EMA 20 EMA > 50 EMA RSI gaining
Copper 20 EMA breaks 50 EMA, Price breaks 20 EMA. Bearish for the day.
Check Grasim's 1-Day chart. From 2008-12, its price was subdued, perhaps it consolidated. From then on it has started spiking. In my opinion, the share will continue to make new highs.
Nifty has gotten sold into since morning and RSI is entering oversold zone. Shorters can cover and bulls can take a chance.
