The S&P BSE Sensex closed 0.15% higher at 69,928, while the NSE Nifty 50 index closed just below the 21,000 level. Jindal Steel has recently experienced a robust breakout on the daily chart, accompanied by a significant surge in trading volumes. The stock is currently trading above its short-term moving averages, signifying a positive trend. The momentum indicator, RSI, is above the 60 level, confirming the presence of bullish momentum in the stock.(Kunal Shah, Senior Technical and Derivative Analyst, LKP Securities)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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