India, March 6 -- The Relative Strength Index (RSI) is a widely used momentum indicator that traders use to evaluate the speed and magnitude of a stock's price changes. The indicator moves between 0 and 100 and helps determine whether a stock is in an overbought or oversold condition, providing insights into short-term momentum and potential trend shifts.

Generally, an RSI level above 70 indicates that a stock may be overbought and could face a price correction, whereas a reading below 30 suggests the stock may be oversold and could experience a rebound. Traders often use these levels to identify possible short-term buying or selling opportunities. Here are a few Nifty 500 stocks that are trading below the Relative Strength Index (RSI) L...