Strength in the market is currently visible in sectors like banking, finance, and consumption. Mid- and smallcaps have already staged a breakout relative to Nifty 50, and the strength will likely continue there.
Nifty’s 5-day fall may be nearing a reversal; Anand James maps key levels for this week
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week