Oversold Zone News Today

The Relative Strength Index (RSI) is a momentum oscillator that assesses the speed and magnitude of price movements. It is a key tool for identifying potential overbought or oversold conditions in a stock.

Analysts said the 200-day simple moving average (SMA), at around 17,000 level, may continue to pose as strong resistance while they believe 16,800 level would be crucial level, failing which the index may attract further correction.