scorecardresearchMomentum indicator RSI shows Nifty in overbought zone; should you be cautious?

Momentum indicator RSI shows Nifty in overbought zone; should you be cautious?

Updated: 18 Aug 2022, 03:57 PM IST
TL;DR.
The momentum indicator RSI shows Nifty RSI was at 83.69 on August 17, which means the index is in the overbought zone.
The Relative Strength Index, or RSI, is a momentum indicator that measures the speed and change of price movements of a scrip.

The Relative Strength Index, or RSI, is a momentum indicator that measures the speed and change of price movements of a scrip.