The RSI is a momentum oscillator that ranges from 0 to 100 and is used to assess the strength and direction of a stock s price movements. An RSI value above 70 indicates that a stock is in an overbought zone and may be ripe for a price correction, while an RSI below 30 signifies an oversold condition and the potential for a rebound.
Indian dairy firm Hatsun Agro s Q1 profit jumps thecattlesite.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecattlesite.com Daily Mail and Mail on Sunday newspapers.
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The 30-share BSE Sensex pack fell 216 points or 0.32 per cent to trade at 66,882, while the broader NSE Nifty moved 66 points or 0.33 per cent down to trade at 19,768. Although, mid- and small-cap shares were positive as Nifty Midcap 100 rose 0.13 per cent and small-cap edged 0.09 per cent up.