3258: Hot Stocks | Why Tata Power, Rain Industries and HDFC Bank are bets for short term
Nifty ended with a gain of 0.77 percent at 15,097.35 on February 25.
On the daily timeframe, we can see that the index has formed a bottom near 14,600. This is close to the 14,730-mark which is a 38.2 percent retracement level of the rise from 13,596-15,431.
On the indicator front, the index remains above the long-term moving averages of 50-day, 100-day and 200 -day SMA.
The RSI plotted on t...
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Feb 26, 2021