Key Points
Traders should dips to add quality stocks to their portfolio as Nifty 50 inches toward its record high..
Apart from the recovery in the global indices, renewed buying in banking, financials, auto and FMCG majors combined with a noticeable recovery in the broader indices has strengthened the rebound..
Among the broader indices, the midcap index is showing relatively higher strength and trading on the verge of making a new high while the smallcap index is still trading down nearly 19% from its record levels...
As were inching towards the record high, traders should plan their positions accordingly and use dips to the support zone in the Nifty to add quality stocks..
Along with the key levels for indices, we have highlighted a list of stocks across the sectors, looking strong positionally alongside a few weak structures too...
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