Biocon jumped almost 7% in today’s session, driven by strong buying interest. The stock found strong support just above its 50-day line and rebounded sharply in today’s session. It closed 5.7% below its 52-week high of 657.5 and has strong technical ratings, with Accumulation/Distribution rating at A+ and Relative Strength rating at 88.
Key indices close off day’s lows; mid- and small-caps underperform
Daily Market Review:
India’s key indices did well to keep losses in check in today’s expiry session.
After a weak opening, a late recovery at the bourses helped the Sensex and Nifty to limit losses at 0.07% and 0.14%, respectively. Continue reading “Daily Big Picture – Indian Market Limits Losses; Distribution Count Reduces”
Investor Query: How to interpret the relative strength line on the charts?