Ahead of Market: 10 things that will decide D-St action on Tuesday
Rupak De, Senior Technical Analyst at LKP Securities, said the momentum oscillator RSI is in a bearish crossover and falling towards the oversold zone. “The short-term trend, at the juncture, looks weak on the lower end, and the index may drift down towards 17,000-16,950 over the short term. On the higher end, resistance is visible at 17,500,” he said.