Nifty PSE index signals positive trend; is there a rally in making?
On May 14, the Nifty PSE Index closed above 200-day Double Exponential Moving Average (DEMA) for the first time since 30th August 2024, signaling a shift in the primary trend from negative to positive. The breach of this level signals suggests bulish trend and potential for further upward momentum. Kunal Kamble, Sr. Technical Research Analyst at Bonanza…