These smallcap and midcap stocks staged a smart recovery from day’s low!

Rohit Kale
/ Categories: Trending, Mindshare
These smallcap and midcap stocks staged a smart recovery from day’s low!

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

Nifty started with a flat opening on November 18 on mixed global cues. Nifty tested 17950 initially but the selling pressure persisted immediately. The fall was aggressive as Nifty fell 250 points in the first 90 minutes. In the latter half, Nifty tried to gain some points but failed to do so. At the end of the day, Nifty ended lower by 0.75% to close at 17764. Nifty broke down its countertrend channel indicating weakness and one shouldn’t be surprised to see the levels of 17500 in near term. Interesting to note that despite Nifty falling for 3 consecutive days, India VIX is not shooting up which suggesting that the fall is less severe. 

 

In today's trade, Nifty’s top gainers were SBI and Power Grid Corporation while Tata Motors and M&M dragged the market down as the auto stocks fell 3% each. 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: 

 

ASTRAL

GRANULES

JUBLPHARMA

MAZDOCK

MIDHANI

MOTILALOFS

TATACOMM

TRIDENT

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