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In a move to tighten oversight, China has intensified its regulations surrounding state employees. New travel curbs have been introduced, requiring officials to hand over their passports. Authorisation is now mandatory for any international travel. Furthermore, certain roles are now off-limits to those with overseas education.
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News and Media
A 25-year backtest of RSI strategies across Indian indices reveals that long-only approaches yield promising results, particularly the RSI 30-70 reversal method for patient investors. Active traders may find faster RSI strategies beneficial for capital rotation. While not a magic formula, RSI proves useful when integrated into a broader, well-defined trading strategy.
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The Indian equity market ended its fifth straight week in the red, with the Nifty50 falling over 1%. July 29 marked a crucial reversal point amid sustained FPI outflows. Technical and time-based signals aligned well, offering trading cues. August 8 and 11 are key for upcoming market direction.
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News and Media
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