Nifty walks into the week at 24,252. Below the 200-DMA. RSI sitting at 38–40, oversold, not broken. FIIs sold through last week, DIIs bought harder. That's the whole tape right now: foreign money leaving, domestic money holding the floor.
Nothing dramatic happening today. Just positioning before the real week starts Thursday.
Show me a close above 24,750 before calling this a recovery. Until then, it's a tape doing nothing while everyone waits for Jackson Hole.
Nothing dramatic happening today. Just positioning before the real week starts Thursday.
Show me a close above 24,750 before calling this a recovery. Until then, it's a tape doing nothing while everyone waits for Jackson Hole.