These smallcap and midcap stocks staged a smart recovery from days low!

Recovery from the lower levels indicates that the market participants actively participated in these stocks at the lower levels.

It has been a bloodbath on Dalal Street as Nifty is down by 520 points or 3 per cent over the rising concerns of a new variant of Coronavirus found in Africa. Not only the Indian markets but the Asian markets also closed in the red. Even the European markets are down by more than 2 per cent while Dow Futures are trading in deep red. The situation is worse, globally.  

Nifty started off with a big red candle on the hourly timeframe. It tried to bounce back but to no avail as it was heavily dragged by the bears. In the end, Nifty closed just above 17,000. The level of 17,000 will be a crucial level and next week is going to be a decisive one for Nifty. On Monday, we might get more clarity over the scenario.    

India VIX has shot up by more than 25 per cent, which is the highest since March 2020. All the sectoral indices ended 2-3 per cent down except for Nifty Pharma, which rose 1.57 per cent. The top gainers are obviously the pharma stocks while the top losers include JSW Steel, Hindalco, and Tata Motors.   

Given the fact that the market was bearish throughout the day, it would be interesting to know which stocks have witnessed recovery from the day’s low. Recovery from the lower levels indicates that the market participants actively participated in these stocks at the lower levels.  

So, here is the list of stocks that recovered from their lows: