Nifty500: 248 stocks have more upside; Sun Pharma, RITES 'overbought'

Sun Pharmaceutical Industries is the only other stock among the Sensex 30 and Nifty 50 that trades in the overbought category, technically.

Bulls were seen roaring on Tuesday with the BSE Sensex and NSE Nifty 50 topping 1 per cent rise and scaling their respective significant resistances of 59,000 and 17,500-levels. On Monday too the key benchmark indices had logged firm gains.
 

Technically, overcoming of key resistances after a brief period of sideway movement points towards a positive trigger. The BSE Sensex and Nifty have thus far climbed 2 per cent in the last two trading sessions on a weekly scale; such move was last seen in August 2022 that further accelerated into an additional 1.7 per cent gain. 

Such a similar