This week's spotlight was on energy and gold, both experiencing significant price movements. The benchmark indices traded near the all-time highs, small stocks had a free run
The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.
The Nifty encountered initial resistance near its previous swing high of 22,526. Consequently, to sustain a continued rally, it must surpass the 22,525 level decisively. On the downside, 22,200 could serve as short-term support, says Rupak De, Senior Technical Analyst, LKP Securities.
Broader indices underperform, but these 10 smallcaps post double digit gain moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
The selling in this space intensified this week after capital market regulator SEBI raised concerns over the steep run in the midcap and smallcap stocks and the unprecedented inflows that these funds have also seen in the last one year.
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