With several stocks in the midcap and smallcap space having seen multi-fold rise in prices, a section of the market believes that one should take calculative bets in these stocks and book profits at current levels.
Tech View: Nifty’s weekly bullish engulfing candle signals strength; key resistance at 23,800. How to trade on Monday
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish