UBL, CDSL: 5 oversold mid-, small-caps to bet on amid hopes of mkt reversal

Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance

After the domestic market reversed three-times near their recent lows, the prospect of sustainability appears to be on the horizon. The BSE Sensex and Nifty 50 succeeded to hold ground near their previous reading range of 59,680 -59,620 and 19,780- 17,760, respectively, and until this cushion is defended, the probability of bulls riding the up move intensifies. 

 

While the India VIX trades in a broad range of 17 – 14 marks, a breach of 14 could garner reasonable volatility in turn assisting leading indices to take a clear route.

 

Meanwhile, the recent volatility has pushed several stocks in the oversold territory, amid