Bloodbath on D-street, is Nifty RSI index showing signs of imminent rebound?

A sharp 1,000-point selloff in Sensex and across-the-board selling in second-run stocks eroded investor wealth by Rs 5 lakh crore in Thursday’s trade, with their losses mounting to Rs 34 lakh crore since April 11 high. BSE Sensex was trading 1,024.29 points or 1.89 per cent lower at 53,064. Nifty50 was trading at 15,865, down 301 points or 1.87 per cent. ET NOW’s chartist Kunal Bothra, however, expects a rebound in near future. Kunal says Nifty RSI index showing signs of imminent rebound. Watch the video to know more!


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