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Aegis Logistics rallied 7.6 percent to Rs 353 and formed robust bullish candlestick pattern on the daily charts with strong volumes. The stock closed above 50-day EMA (Rs 351) as well as 200-day EMA (Rs 338) in a single session after a consolidation breakout.
Options data suggests a broader trading range between 19100 to 19600 zones while an immediate trading range between 19250 to 19500 zones. The hourly Bollinger bands are contracting, indicating rangebound price action.
Based on the OI percentage, 55 stocks were on the short-covering list. These included MCX India, IDFC First Bank, Indraprastha Gas, HDFC AMC, and Indiabulls Housing Finance.
Nykaa climbed 7.6 percent to Rs 135.75 and formed strong bullish candlestick pattern on the daily scale with healthy volumes. It has seen a strong breakout of month-long consolidation and closed at two-month high.
The entire Healthcare space has been buzzing and seems to be finding its mojo back. Along with pharmaceutical companies, ‘Apollo Hospitals’ too performed well throughout this week.