Sanjiv Bhasin, Director at IIFL Securities, suggests being selective in investing in Public Sector Undertakings (PSUs) due to the recent run-up in their prices. However, Bhasin recommends buying the CPSE ETF for exposure to blue-chip PSU stocks. He also expects strong earnings from Bajaj Auto, citing their position as the largest exporter of two-wheelers and increased demand for their products. Bhasin advises buying Bajaj Auto on any declines towards Rs 5,000.
In this article, we delve into the world of stocks that have witnessed their Relative Strength Index (RSI) trending down, as reported by StockEdge on September 5, Tuesday. ETMarkets has singled out these 11 stocks to provide insights into what this trend may signify.