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Bank Nifty (which holds a 36 percent weightage in Nifty) has consistently shown buying demand from the 52-week EMA. After testing the 52-week EMA in each of the past three occasions post-COVID lows, Bank Nifty rallied back to highs. Thus, ICICI Securities expects banking to lead the recovery in the coming weeks.
The Relative Strength Index (RSI) is a key indicator that investors rely on for insights into stock movements. On November 6, Tuesday, StockEdge unveiled over 60 stocks trending up, and ETMarkets delves into 5 of these stocks to understand the importance of RSI and how it can guide investment choices.
An analysis of shareholding patterns of BSE-listed companies shows that LIC dumped at least 84 stocks like Tata Motors, Reliance Industries (RIL), Dr. Reddy's Laboratories, TVS Motor, Dixon, ONGC, Reliance Power and Tata Elxsi.
Surpassing the 200-day SMA is often viewed as a strong signal of potential long-term growth and stability. However, investors should conduct thorough research and analysis before making investment decisions.
YES Bank, Tata Power: There were at least 32 companies in the BSE500 pack, where individuals holding up to Rs 2 lakh worth shares owned a combined 20 per cent or higher stakes, data compiled from AceEquity suggested.