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The chart shows the price of the   Nifty 50 index , which is a stock market index in India. The chart shows the price of the Nifty 50 index over the past year. The chart also shows various technical indicators, such as the moving average convergence divergence (MACD), the relative strength index (RSI), and the Bollinger Bands.   The MACD is a momentum indicator that shows the relationship between two moving averages of the price. The RSI is a momentum oscillator that shows the speed and change of price movements. The Bollinger Bands are a volatility indicator that shows the range of prices that the stock is likely to trade within.   The chart shows that the  Nifty 50 index  is currently trading at 24,329.05. The index has been in a downtrend since early 2023. However, the index has recently started to recover and is now trading near its 50-day moving average.   The MACD is currently negative, which suggests that the momentum is still bearish. However, the RSI is oversold, which suggest