Did you know : Nifty is a Momentum Index

Effective 10 Sept 2024 , Mi Evergreen’s subscription fee will be increased for the first time since launch.  

Old Pricing : Rs 2,499 (Quarterly) | Rs 7,499 (Annual)

New Pricing : Rs 4,999 (Quarterly) | Rs 14,999 (Annual)

Watch this video by Alok Jain to know more. 

For Current Subscribers of Mi Evergreen

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Today’s Daily Byte

We had a decent August, and now September is going to bring us a new wave of returns, hopefully. But that’s exactly the topic today: are bears going to take charge in September? What has been the historical performance in terms of seasonality? How have the last 20-30 Septembers done? Is there a seasonality factor? Here, we take a data-backed look at “come September.”

So let’s get on with what happened on the first day of September.

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Nifty is a Momentum Index

The National Stock Exchange recently released an infographic about the upcoming Nifty index rebalancing. It’s an important event that happens twice a year, usually in March and September. This process is essentially a way to keep the Nifty index fresh and relevant by replacing underperforming stocks with better-performing ones.

Nifty operates similarly to a momentum strategy, where stocks that are performing well are . . . . .

Reading Time : 4 Minutes

One indicator is not enough

One interesting observation from the below enclosed BSE long-term analysis chart is the behavior of the Relative Strength Index (RSI). RSI is a tool that measures the speed and change of price movements, often indicating whether a market is overbought or oversold.

Typically, an RSI above 75 is considered overbought, which could suggest that the market might soon correct itself. However, it’s essential to remember that just because the RSI is high doesn’t mean a market drop is imminent.. . . . .

Reading Time : 3 Minutes