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The brokerage also pointed out that in the market dynamics of the period, notable category shifts occurred, with 8 Midcaps transitioning to Largecaps and 12 Smallcaps advancing to the Midcap category.
Strength to continue in Nifty as we enter the December series. As per analyst, it now has to hold above 20,000 zones for an upward move towards 20,350 and then 20,500 zones, while supports are placed at 19,950 and 19,800 zones
India VIX was up by 1.55% from 11.64 to 11.83 levels on Friday. Volatility was slightly higher but overall bulls were holding the grip at support zones.
Nifty has reached closer to its record high after three months of gradual recovery and is currently hovering in a range. We are now at a critical juncture and eyeing 18,600 as a make-or-break level.
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