Broader indices hit fresh highs; More than 80 smallcaps rise up to 34%
BSE Mid-cap and BSE Small-cap indices outperformed and touched fresh highs in this week.
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BSE Mid-cap and BSE Small-cap indices outperformed and touched fresh highs in this week.
For Nifty the crucial support zone on the downside is placed at 19350 – 19290 and on the upside, resistance is placed at 19530 – 19500.
Talbros Automotive Component was the top gainer in the smallcap segment with a nearly 31% return, followed by Zen Technologies (28.5%), Tasty Bite Eatables (28%), and Banco Products (27%). About 9 stocks, including Bajaj Hindusthan, Onmobile Global, Force Motors, Windlas Biotech, ZEE Media, and BF Utilities, offered returns between 20 and 25% during the week
Day trading stocks: Market experts have recommended five stocks to buy today — JSW Steel, IndusInd Bank, ICICI Bank, Adani Ports and Godrej Consumer Products
The hurdle for Nifty50 is expected to be at 19,600-19,700 area. If it gets surpassed and sustained, there is a possibility of the index breaking lower highs and lower lows formation