Markets◆ Mixed
Nifty poised for a strong uptrend? Anand Rathi expert flags key support and resistance levels to watch
· LiveMint Markets
The hourly Relative Strength Index (RSI) is above 70 for the first time since August 2026. This indicates a significant improvement in short-term buying momentum and highlights the strength of the recent recovery.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.