Key Points
The holiday-shortened week, with only three days, will mark the end of the financial year 2023-24 in which Nifty and Sensex scaled new peaks and retail investors made more money than institutional investors by betting on smallcaps...
Additionally, with the monthly expiry of Futures and Options (F&O) contracts occurring during the week, we may expect a significant uptick in trading activity, says Rupak De, Senior Technical Analyst at LKP Securities...
Rupak De: Nifty witnessed two days of recovery following a Doji formation on the daily chart, bouncing back from the recent low of 21,710..
However, the week marks the end of the financial year, prompting traders, investors, and fund managers to adjust their portfolios ahead of year-end obligations..
Rupak De: While the headline indices Nifty and Bank Nifty have remained in a range for the last few days, the Midcap and Small Cap indices have started outperforming lately..
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