Tech View: Nifty50 in overbought zone, but setup remains positive

NEW DELHI: Nifty50 on Tuesday topped the 11,300 level and formed a bullish candle on the daily chart. This was the second straight session when the index had a gap-up start. The NSE barometer made the most of it, as it has now rallied almost 300 points from the Friday’s low of 11,008.95.




The 14-day relative strength index has moved above the 70 level, suggesting the index is in overbought territory. It is also moving above all of its key moving averages. Analysts see positive momentum t ..

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