Shares of NFTY Now Oversold
November 12, 2024 at 11:17 AM EST
In trading on Tuesday, shares of the First Trust India NIFTY 50 Equal Weight ETF (NFTY) entered into oversold territory, changing hands as low as $59 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100..