Nifty is currently placed near the strong weekly support of around 16,800 levels, which is an intermediate ascending trend line and also horizontal line support as per change in polarity, analysts said.
Is the smallcap rally a trap? Only 37% of stocks are outperforming their benchmark
India’s recent smallcap surge indicates that less stock is outpacing the benchmark index, revealing a narrowing group of successful stocks boosting overall returns. Conversely, largecap