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.
On November 16, Nifty started with a slight gap-up of about 18 points. However, it fell right after the opening bell. Nifty was weak throughout the day but made an attempt to recover around noon. Unfortunately, aggressive selling in the latter half of the session made things even worse as Nifty ended 110 points down, falling by 0.61 per cent. The level of 18,000 will be crucial support for Nifty in the coming trading session as the fight between the bulls and the bears continued. Nifty formed a big red candle indicating that sluggishness may continue. Nevertheless, VIX falling by 1.75 per cent is a good indication that any upcoming fall won’t be that serious.
In today's trade, Nifty was supported by the auto stocks such as Maruti Suzuki and Tata Motors, which turned out to be the top two gainers while Shree Cements and Reliance were the ones that dragged Nifty down. Given the fact that the market was on the weaker side today, 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: