#nifty midcap100

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Dalal Street week ahead: Stay with defensive stocks, cut leveraged trades

Dalal Street week ahead: Stay with defensive stocks, cut leveraged trades

In our last weekly notes, we had mentioned that the market was getting overstretched and overextended for the immediate short term. It was a matter of concern, as some form of consolidation or a corrective move looked imminent; and the absence of it was making the present uptrend highly risky and unhealthy. On the expected lines, the market started the week with a very sharp and violent…

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Dalal Street week ahead: Action shifts to midcaps, smallcaps; larger peers may halt now

Dalal Street week ahead: Action shifts to midcaps, smallcaps; larger peers may halt now

After taking a breather in the week before, the domestic equity market resumed its up-move and posted incremental gains once again during the week gone by. In last five days, Nifty experienced oscillations in a range that was close to its normal trading breadth.

At the same time, Nifty also faced resistance at a few crucial levels on both daily and weekly timeframe charts. After moving in a…

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