Nifty gained 84 points on Friday, forming a rounding bottom pattern suggesting strength. Analysts expect the index to rise towards 25,500 and potentially 26,000-26,250 if it sustains above 25,500. Support is at 24,950; a ‘buy on dips’ strategy is recommended.
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