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Nifty Midcap and Smallcap plunge. Get the inside scoop on today's key movers

Broader indices closed on a higher note as strong short-covering rally towards the end lifted market sentiment. NSE Nifty 50 index surged 0.48 per cent to close above 18,200 level while BSE Sensex jumped 275 points.

Indices have closed flat amid volatility. Nifty closed at the 17,000 level while Sensex shredded 37 points at the end of the day. Nifty Midcap and Nifty Smallcap closed marginally higher.  

Nifty lost about 22 points and closed marginally lower while Sensex lost over 88 points.

On Thursday morning the markets opened marginally lower, owing to weaker global cues. 

Crude oil price decreased slightly and was trading at USD 120 per dollar, whereas Gold prices also increased by 3 per cent. The Nasdaq was down by 1.32 per cent at market close on Wednesday, whereas the Asian markets also mimicked the weaker sentiments and were trading 0.50 per cent lower 

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform. Here is the list of stocks:  

It has been a sign of relief for the bulls as Nifty recovered about 450 points from its day’s low to end at 17,277, up by 0.75 per cent.

So, considering the healthy market breadth and outperformance by the broader markets, we have curated a list of stocks that appear in the T20 breakout system.