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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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Apsis Aerocom is set for a strong market debut. The IPO saw robust investor demand, with a significant subscription rate. Grey market trends indicate a premium of around 24% ahead of its listing on the NSE SME platform. This suggests healthy listing gains for investors. The company operates in precision engineering for aerospace, defence, and healthcare sectors.
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Oil prices dipped Wednesday following a rise in US crude inventories. However, ongoing geopolitical tensions, particularly concerning the Strait of Hormuz, suggest prices may climb. Experts predict Brent crude could reach $120 or even $150 per barrel if the conflict persists. This could impact global economies and prompt policy intervention.
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On March 17, six Nifty200 stocks appeared in the RSI Trending Up scan. Their RSI readings crossed above the 50 mark from lower levels, indicating strengthening price momentum. Traders often monitor this indicator to identify improving sentiment and potential bullish continuation opportunities in these counters within the broader market.
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