With Nifty 50’s RSI below 30, analysts debate if the market is set for recovery or further decline The Indian stock market has recently experienced significant downturns, prompting discussions about whether it has entered oversold territory. Between September 2024 and February 2025, the Nifty 50 index declined by approximately 14%, marking its longest losing streak since 1996. This decline has led to a loss of around $1 trillion in investor wealth. Understanding ‘Oversold’ Conditions In financial markets, an asset or index is considered ‘oversold’ when its price has fallen sharply to a level deemed below its intrinsic value. Technical analysts…
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