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The Nifty traded below the 24,350 mark, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices, Gold and developments on the global geopolitical front for further indications on the market’s near-term trajectory.
After shedding almost up to 5 per cent a day earlier, most Tata group stocks gained. Titan and Tata Investment Corporation remained the top laggards.
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On August 12, five Nifty500 stocks that gained over 3.5% were highlighted in the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below, indicating strengthening momentum and potential upward movement in the stocks.
Nine Nifty500 stocks flashed White Marubozu signals on August 12, indicating strong buying pressure. Nalco led gains at 8.25%, followed by Supreme Petrochem, Force Motors, Punjab National Bank and BHEL.
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