Nifty Midcap 100 and Smallcap 100 to bottom near 20dma
This is not the first time since March 2023 that the NIfty Midcap 100 index bottomed near the 20dma. It is doing so again today. Next time we may or may not be so lucky but this is what has been happening. The two day dip means that the RSI at 60-65 is not oversold anymore on daily charts. Weekly charts may still be above 70 for a while.
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