Nifty consolidating; shift focus to mid-, small-cap stocks: Vinay Rajani

The stock of Federal Bank has broken out from a downward sloping trend-line on the daily chart.

Nifty has been consolidating in a narrow range, which is likely to end once the range of 15,600-15,900 is violated on the either side. At present, trading opportunities are more seen in the midcap and smallcap side and focus should be more on that segment only.

Stock recommendations:

Buy Federal Bank (Rs 89.30) | Target: Rs 96 | Stop-loss: Rs 85

The stock has broken out from a downward sloping trend-line on the daily chart. A "Bullish Inverted Head and Shoulder" pattern breakout is also being seen on the daily chart. Volumes have confirmed the breakout. It has been finding