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In this insightful article, we delve into the world of Relative Strength Index (RSI) trends, highlighting stocks that are trending up. Drawing data from StockEdge, we examine 10 stocks meticulously handpicked by ETMarkets that have witnessed an upward RSI movement. The article underscores the significance of RSI analysis in evaluating stock movements and provides valuable insights for potential investors seeking well-informed decisions

Stock market update: Nifty Auto index advances 0.52%

Updated at : 2023-08-22 17:20:02

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The Nifty Auto index closed 0.52 per cent up at 15507.9.

The company was directed by the Supreme Court in 2021 to undertake the exercise of disbursement and liquidation of assets of the six wound-up debt schemes of FTMF."We are happy to share that the last tranche of the securities, forming part of FTMF wound up debt schemes, has been liquidated as part of the above mandate given to us," SBI Funds said

"Traditionally, foreign investors have always been more active in the largecap space because those stocks are much bigger and liquid but in the last couple of quarters we have been seeing that the exposure in the midcap space has been quite a bit better and which is why we have seen such a sharp rally in the mid and smallcap segment, more than 30% from the March lows, which is almost twice the 15% rally in the largecap."

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With data sourced from StockEdge, we explore 10 stocks handpicked by ETMarkets that are currently trading in an overbought zone. The article sheds light on the significance of Relative Strength Index (RSI) in assessing stock movement and provides potential investors with actionable insights for their decision-making process

“JFSL will now be removed from all the S&P BSE indices effective prior to the opening of trading on Tuesday, August 29, 2023. Should JFSL continue to hit the lower circuit in the next two days, the removal date will be deferred by another three days,” the index provider said.

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Cholamandalam Investment and Finance marked a significant achievement by exceeding its 100-day SMA and closing at Rs 1044.85 on August 21. The company specializes in financial services, catering to diverse segments.

Marico shares up 0.58% as Nifty gains

Updated at : 2023-08-22 15:25:01

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The stock quoted a 52-week high price of Rs 587.0 and low of Rs 462.95.

​Also so it is not as if we are really under but we will pick up soon because there are two three engines that are going to be firing because one is the branch engine, the second is a sales engine that we are wrapping around all of our branches with DSAs and sales staff and that would be particularly aimed at gold loan, agri as well as personal loans.

In a remarkable display of upward momentum, several stocks within the Nifty 200 Index reached new 52-week highs on August 22. This surge is indicative of the robust momentum within the market and the resilience of these companies.

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