Wednesday, August 19
Market breadth has turned decisively positive, with 73% of Nifty 50 stocks now trading above their 50 EMA, signalling expanding participation in the ongoing rally. According to Rupak De, Senior Technical Analyst at LKP Securities, this sharp improvement reflects strengthening momentum and improving risk appetite, enhancing the likelihood of sustained upside for the index in the near term.Edited excerpts from a chat:How do you read the momentum seen in the last 3 trading sessions which made the Nifty end up with 1% weekly gain. How close are we to getting towards 26,400?Following a breakout above the previous swing high, the trend appears very positive. This, coupled with a bullish crossover of the 20 EMA and 50 EMA, suggests a strong upward trend. The RSI on the daily timeframe has also br
