On August 30, the Nifty was at 17,759.30 and the Sensex was up 446.40 points, or 2.58%, at 59,537.07.
For the past two months, the SJVN | PSU sector has outperformed, and this trend is anticipated to continue. The stock has been finding support at the 50-day EMA, which is set at a level of about Rs 28. On the daily and weekly charts, oscillators and indicators are in a bullish configuration.
Setup of Tuesday's trades: According to experts, the Nifty 50 index has produced a bullish candle on the daily chart.