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Nifty outlook and top stock picks by Vinay Rajani, Technical Analyst, HDFC Securities:
Nifty Outlook
Nifty has witnessed a fall of almost 11% from the all-time high of 11171 registered in Jan 2018 to the recent bottom of 9951. Nifty Midcap and Smallcap indices plunged 16% and 21% respectively. Many stocks have seen a fall of than 40% from their 3 Month’s high. Due to this panic selling, stocks have turned extremely oversold on the daily and weekly chart. As a result of the same we saw Markets started rebounding from last two sessions.
Nifty has reclaimed
Nifty Outlook
Nifty has witnessed a fall of almost 11% from the all-time high of 11171 registered in Jan 2018 to the recent bottom of 9951. Nifty Midcap and Smallcap indices plunged 16% and 21% respectively. Many stocks have seen a fall of than 40% from their 3 Month’s high. Due to this panic selling, stocks have turned extremely oversold on the daily and weekly chart. As a result of the same we saw Markets started rebounding from last two sessions.
Nifty has reclaimed
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