India, April 1 -- The Relative Strength Index (RSI) is a widely used momentum indicator that evaluates the speed and strength of price movements. Ranging from 0 to 100, it helps traders identify overbought or oversold conditions, offering insights into short-term trends and potential market reversals.

An RSI above 70 typically indicates that a stock may be overbought and could face a correction, while an RSI below 30 suggests it may be oversold and due for a rebound. Traders use these levels to identify potential short-term buying or selling opportunities. Here are a few Nifty 50 stocks that are trading below the Relative Strength Index (RSI) Level 30 and the oversold zone

HDFC Bank Limited With a market capitalization of Rs. 11,26,486....