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"While Nifty has just about managed to get back near the nearest reaction high, it is still below the 14-day SMA. In contrast, both mid and small caps have raced higher with the former now exactly at the 62% retracement from the peak, while the latter has pierced even that is closing in on the record peak, which is just about 1.5% away."
Silver price (XAG/USD) shifts auction above $23.00 after a sharp recovery as the ongoing conflicts between Israel and Palestine keep dem
The breakout has opened room for the stock to head towards 200 levels in the next 3 months, suggest experts. Short-term traders can look to buy the stock around 160.
In the short term, the Nifty50 index is likely to maintain its momentum. On the upside, it could potentially approach 20,000 mark. The support range is positioned at 19,700 - 19,750.
Foreign institutional investors (FII) offloaded shares worth Rs 1,005.49 crore, while domestic institutional investors (DII) purchased Rs 1,963.34 crore worth of stocks on October 10, provisional data from the National Stock Exchange (NSE) showed.