Simplystock2

What is RSI? Relative strength index is the Full form of RSI  The relative strength index was developed by  J. Welles Wilde rand published in a 1978 book,  New Concepts in Technical Trading Systems. Mostly RSI show overbought zone and over sold zone  trader and investors used on chart for their investment. You can use it on any broker for free on trading view you can use it. It's most popular indicator it's a technical indicator. RSI show the price movements. It's a technical indicator used by mostly trader and investors it analyze the market 

Today 12 February 2024 market fall upto 2% Bank nifty fall 1.67 % Bank nifty open at 45664 it start and show continues fall and close at 44882. Bank nifty fall 1.67%  Nifty 50 fall      0.76% Finnifty fall.     1.41%                                          Today all index fall by 1to2 % and all psu government sector companies fall upto 10%  example IRFC  13%      12 February overall Indian market sentiment is bearish  Bank nifty fall 700+ point nifty 50 fall 150+ point finnifty fall 300 point  Reason behind fall could be jp Morgan's statment and before market show massive rally nifty 50 goes 22000+ so that the fall is profit booking.