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 23, Nifty started its day with a 135-point gap-down amid weak local cues. The first hour of Nifty was quite volatile as it made long wicks on either side. However, Nifty marched upwards throughout the day before retracing a little towards the end of the session. It was quite a volatile day for Nifty as India VIX oscillated from +4 per cent to -2 per cent. It ended 2.85 per cent up. In the end, Nifty managed to close just above 17,500, up by 78 points. A positive thing to note here is that 17,200 remains crucial support as strong buying at this level pushed Nifty 300 points up.
In today's trade, Nifty was supported by the metal and power sector stocks like JSW Steel and Power Grid that were up by 4 per cent each. Besides, the stocks dragging the market down were IndusInd Bank and Asian Paints, which were down by 2.5 per cent each. Given the fact that the market made a recovery from its low, 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:
AARTIDRUGS
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AJANTPHARM
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CSBBANK
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DEEPAKNTR
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FSL
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GICRE
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GODREJAGRO
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GODREJIND
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HINDZINC
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KSCL
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LTTS
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MAHLOG
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MGL
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OBEROIRLTY
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RELAXO
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SOBHA
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SOLARINDS
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SONATSOFTW
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SUPRAJIT
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TATAELXSI
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VGUARD
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