Yet another narrow-ranged daily candle confirms that the momentum has worn off. Read the full report to know more…
Nifty 50 concluded by closing below the prior day's close, after seven consecutive closes higher than the prior days. Read the full report to know more.
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The daily candles in Nifty 50 have been narrowing over the past 3 days, including today, which suggests that the momentum is slowing down.
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The RSI indicator is at overbought levels on the daily time frame and extremely overbought at lower time frames. Read the full report to understand its implications.
Market Analysis - Nov'23: FPI resurgence fuels Indian market, Nifty & Sensex best in 2023.