These smallcap and midcap stocks staged a smart recovery from days low!
Recovery from the lower levels indicates that the market participants actively participated in these stocks at the lower levels.
On November 12, Nifty started on a positive note making a gap-up opening of about 100 points. Thereafter, the Nifty filled its opening upside gap and started its upward journey. The latter half of the session was buoyant for the Nifty as it gained about 160 points before correcting a little. Nifty formed a bullish candle after a long time and finally managed to close above its 20-DMA. Interestingly, Friday's up-move in the Nifty was backed by a sharp cool-off in the India VIX. The fear gauge slid nearly 7 per cent. Certainly, the bulls had the last laugh!
In Friday's session, Infosys, HDFC and Reliance Industries aided the Nifty's up-move as combinedly they contributed about 106 points to Nifty's kitty. While on other hand, Bajaj Auto and Tata Steel witnessed profit booking. Given the fact that the Indian markets witnessed a trending day on Friday, 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:
AFFLE
BHEL
FLUOROCHEM
HAL
IPCALAB
LUXIND
POLYCAB
THYROCARE
TRENT