For the Nifty Mid-cap 100, SBI Sec has set a target range of 51,000-53,000, which implies an upside of 10% to 14%. The index closed at 46,389 on Tuesday. The target range for the Nifty Small-cap 100 has been set at 16,500-18,000, implying gains of as much as 18.5% over the index’s Tuesday closing of 15,189.
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