The Relative Strength Index (RSI) is a valuable technical indicator for assessing a stock's price momentum and can help investors make informed investment decisions. It measures recent price changes on a scale of 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting oversold conditions.

Most money managers believe that the current rally in the Indian stock market has more legs as valuations are reasonable. Axis Securities and Motilal Oswal Securities favour the "growth at a reasonable price" theme and domestic-oriented companies. ICICI Bank, Maruti Suzuki, State Bank of India, RITES, Federal Bank, Varun Beverages, Ashok Leyland, PNC Infratech, ITC, Aarti Drugs, Relaxo Footwears, Mahindra CIE, Praj Industries, CCL Products, Polycab India, and CreditAccess Grameen are among their top picks. Experts expect the market positioning to shift to banks and domestic-cyclical stocks as more than half of the sectors still trade at a discount to their average.

Stocks to watch out for today: Suzlon Energy, Lemon Tree, Indian Oil, RBL Bank, BHEL, Mankind Pharma, LTIMindtree and more