The benchmark indices have witnessed decent weakness lately, with the BSE Sensex and the Nifty 50 correcting over 5 per cent each. The current scenario on the charts exhibits sideways movement with Sensex struggling at 60,000 and Nifty 50 at 18,000 levels.
Under these circumstances, the market participants have become cautious and seek opportunities in safer bets. This sentiment has pushed major stocks into an extreme bullish territory. In addition, these overbought stocks continue to see a strong buying momentum that could enable them to explore uncharted territory on the higher side.
Close to 42 stocks in the
Under these circumstances, the market participants have become cautious and seek opportunities in safer bets. This sentiment has pushed major stocks into an extreme bullish territory. In addition, these overbought stocks continue to see a strong buying momentum that could enable them to explore uncharted territory on the higher side.
Close to 42 stocks in the