The Economic Times reported that a StockEdge screen listed five Nifty 200 stocks with Relative Strength Index (RSI) readings above 50 in India’s Sunday, Nov. 8, Muhurat session. Vedanta Aluminium Metal led the group at 53.53.
The Economic Times put Vedanta Aluminium Metal’s prior-session reading at 49.84. Tata Communications registered 51.29, compared with 49.55 previously; Life Insurance Corporation of India stood at 51.17, from 49.32; Cochin Shipyard reached 51.14, from 48.46; and Samvardhana Motherson International recorded 50.15, from 49.07, the outlet reported. It said all five shares gained more than 0.5% during the session.
Moneycontrol’s technical pages separately showed the reported current readings for Vedanta Aluminium Metal, Tata Communications, Cochin Shipyard and Samvardhana Motherson International. Groww also displayed a 51.17 RSI reading for Life Insurance Corporation of India.
StockEdge’s explainer says the scan looks for an RSI move through the 50 threshold. It describes RSI as a share-price momentum indicator and cautions that technical indicators do not guarantee an outcome.
The National Stock Exchange of India calendar marked Sunday, Nov. 8, for Diwali Laxmi Pujan and Muhurat trading. EconoTimes has covered a similar Nifty 500 RSI screen.
