Supreme Petrochem among 5 stocks showing bullish RSI upswing
Five Nifty500 stocks showed rising RSI above 50 on August 31, signalling strengthening momentum and potential upward price movement.
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Five Nifty500 stocks showed rising RSI above 50 on August 31, signalling strengthening momentum and potential upward price movement.
On August 31, six Nifty500 stocks appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The pattern indicates strong buying pressure throughout the trading session and can signal potential upward price momentum.
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E2E Networks will be in focus after signing a binding term sheet worth approximately Rs 1,000 crore with an Indian sovereign AI company to provide NVIDIA Blackwell cloud GPUs and allied services until June 2029. The development comes alongside the company’s Rs 1,500 crore fundraising plan and strong Q1 FY27 performance.
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Nifty and Sensex opened lower on Tuesday amid bank and pharma weakness, Middle East tensions, rising crude prices and foreign outflows. Broader markets also declined. Analysts expect the Nifty to remain range-bound, supported by strong domestic growth, while elevated US bond yields and geopolitical risks could pressure equities.
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Sugar stocks have witnessed remarkable growth on Dalal Street this August, with several firms recording substantial increases in share prices attributed to rising sugar values. Nevertheless, analysts remain split regarding the sustainability of these valuations. The sector’s progress is supported by positive fundamentals and ethanol blending mandates, yet investors are advised to keep a vigilant…