smallcap stocks: Routine profit booking in smallcaps, rally will continue: Sudeep Shah, SBI Securities
“Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. The uptrend remains intact as long as the sequence of higher tops and higher bottoms is sustained. Also, it is trading above its short and long-term moving averages. The momentum indicators and oscillators are also supporting the overall bullish chart structure,” he says.
Sudeep Shah Indices Nifty Bank Indian School Of Business Bank Nifty Head Of Technical Derivatives Research Nifty Bank
Source: indiatimes.com