Tech View: Nifty50 oversold but any big respite unlikely - Economic Times

Even as the index is in oversold territory, as suggested by the 14-day RSI reading of 27, analysts said the trend broadly stays negative and the index could retest a swing low of 15,670 sooner than later. For the day, the index closed at 15,808, down 359 poin…

NEW DELHI: There was no relief for Nifty50, which fell for the fifth straight session on Thursday. The index formed a bearish candle on the daily scale and continued with its lower high-low formation… [+2125 chars]

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