“Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. The uptrend remains intact as long as the sequence of higher tops and higher bottoms is sustained. Also, it is trading above its short and long-term moving averages. The momentum indicators and oscillators are also supporting the overall bullish chart structure,” he says.
Gautam Shah on market bottom and Nifty’s next move
Gautam Shah of Goldilocks Premium Research expresses confidence in select market sectors despite uncertainty in the Nifty’s direction. He highlights opportunities in financial services, metals,
March 19, 2025