These smallcap and midcap stocks staged a smart recovery from days low!

On the last day of the week, Nifty managed to close above 17,500. The index opened with a slight gap-down and was sluggish throughout the day. Nifty had to take support at 17,400 and a good recovery towards the end helped Nifty to close above 17,500. In the end, Nifty tanked just 5 points. The FMCG, IT & banking stocks, which were under pressure since morning, bounced back from their lows to support the market. Moreover, India VIX cooled off to 16.07, plummeting over 3 per cent.

Stocks that supported the market today were Asian Paints, Grasim and SBI while the stocks dragging Nifty down included Divi’s Labs, Titan Company & HDFC. Given the fact that recovery was witnessed in the end, it would be worth looking for the stocks that showed similar movement. 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:       

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