The Nifty MidCap index can surge near 25,000-mark; whereas, midcap stocks such as AIA Engineering, Alkem Labs, Muthoot Finance, ICICI Prudential Life and UPL can rally another 22%, suggest tech charts
In the past six months, Nifty Midcap 150 index has outperformed the market by surging 10 per cent, as against 5.3 per cent rally in the Nifty 50.
The daily chart shows that Nifty is favourably placed, with shorter-term moving averages quoting above longer-term averages. Near support for the index is seen at 25,700 and 25,355 levels.
The NSE Nifty 50 index can potentially rally to new life-time highs around 28,300 levels in Samvat 2082, while the BSE Sensex can surge to 92,000 levels, suggest technical charts; details here.
Key triggers for the upcoming Samvat include a broad-based consumption from GST 2.0, urban demand recovery, festive tailwinds, and an earnings acceleration
Capturing midcap energy without losing control of the charge
Long build up is seen in the Midcap Nifty Futures where Open interest rose by 6 per cent along with a price rise of 0.60 per cent
Technical chart indicates that the short-term bias for the Nifty is likely to remain tepid as long as the index quotes below 25,065 levels.
Fresh entrants like Swiggy and Dabur step in as others exit, setting ₹1,800 crore in trades in motion
Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken down from the upward sloping trendline, suggesting a weak outlook
The Nifty MidCap index can slip another 4%, or extend the fall towards 19,600; hints the technical chart. The SmallCap index is yet to confirm a downside breakout.
F&O strategy: Short-term trend of the Midcp Nifty turned weak, while it is strong for Biocon
At the stock level, Tanla Platforms, Syrma SGS Technology, Bharat Dynamics, Olectra Greentech, Nippon Life India Asset Management, The Jammu & Kashmir Bank saw double-digit returns
The NSE F&O data shows that domestic institutional investors offloaded over 36,000 contracts of index futures in the last 8 days, while the Nifty 50 index rose nearly 4 per cent.
Technical charts suggest that the Nifty MidCap 150 index may succeed in conquering the long-term moving average; while the SmallCap index faces a tougher challenge.
Gold emerged as a standout performer, surging 37.7 per cent to $3,070 per ounce
NSE derivatives data shows that FIIs are least bearish since December 13; DIIs most bullish in more than a year, while retail investors have turned cautious.
As things stand, the small-and mid-caps look relatively more expensive, said Jyotivardhan Jaipuria, founder & managing director, Valentis Advisors, and can underperform in the early part of FY26
Technical charts suggest that the Nifty, Nifty MidCap and the SmallCap indices can potentially rally up to 6 per cent if they manage to sustain above the short-term moving averages.
Nifty SmallCap 100 index plunged as much as 1.95 per cent to an intraday low of 15,201.75, while Nifty MidCap 100 index slipped 1.60 per cent to an intraday low of 48,403