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Top Gainers & Losers on May 11: Swiggy, Tejas Networks, SBI, Tata Motors, Eternal, Anant Raj among top losers
On May 11, the Indian stock market experienced a sharp decline, with the Nifty and Sensex both recording significant drops. Investor sentiment soured due to rising crude oil prices and stalled U.S.-Iran negotiations.
Market Trading Guide: Buy Anant Raj, RBL Bank, 6 more stocks on Wednesday for gains up to 16%
Nifty ended lower under selling pressure in financial, consumer and realty stocks, staying below key moving averages. Technical signals show weak momentum but possible short-term recovery. Analysts highlight potential upside levels and recommend select stocks showing bullish breakouts and strength.
Latent View Analytics among 6 stocks showing bullish RSI upswing
Six Nifty 500 stocks that gained over 4% on April 2 appeared in the RSI Trending Up scan, with their RSI crossing above 50 from lower levels. The trend signals strengthening price momentum, which traders often monitor to identify improving sentiment and potential short-term buying opportunities in select counters.