Page 12 - Central Depository Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Alternative investment funds (AIFs) are yet to fully demat the outstanding units even as the deadline ended on October 31. Industry players say they are working on the transition from physical to electronic with the depositories Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NDSL). Some said they are hoping for some relaxation from the market regulator Securities and Exchange Board of India (Sebi), given the teething problems they are facing.

CDSL formed long bullish candlestick pattern on the daily timeframe with healthy volumes. The stock traded far above key moving averages, with momentum indicator RSI (relative strength index) at 80 levels, indicating overbought zone.

On November 9, Thursday, StockEdge identified a surge with 37 stocks trading in overbought conditions. ETMarkets zooms in on 5 of these stocks, offering insights into the overbought zone, RSI, and why understanding stock movement is crucial for investors

Overbought conditions can be a signal for investors, and the Relative Strength Index (RSI) is a crucial tool to gauge them. On November 6, Tuesday, StockEdge flagged 12 stocks in overbought zones, and ETMarkets investigates 5 of them to understand RSI's significance in assessing stock movements.

FACT formed strong bullish candlestick pattern on the daily timeframe, with above average volumes. Also, the stock traded well above all key moving averages, which is a positive sign.