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HDFC Securities expects smallcaps to underperform Nifty in the short term.
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HDFC Securities expects smallcaps to underperform Nifty in the short term.
Experts hope to see the Nifty 50 at 22,600 in an immediate term and 22,800 in the short term, with support at 22,400, and then at 22,200. But, in between, the 22,500 level is likely to be crucial in determining the subsequent direction in the market
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Tata Motors formed long bullish candlestick pattern on the daily timeframe after a decisive breakout of horizontal resistance trendline adjoining highs of February 5 and February 16, with above average volumes.
The Nifty 50 is expected to take a support at 22,050-22,000, with immediate resistance at 22,350.