Retail investors outperform as 28 multibagger stocks show decreasing FII holding and increasing retail stake. Nilesh Shah shares stock ideas. Retail rebellion impacts various sectors. Potential for retail dominance in the market.
Havells India, for instance, saw a breakout of its falling resistance trendline adjoining the highs of March 2 and April 8, and formed a big bullish candlestick pattern on the daily timeframe with healthy volumes.
As for the Nifty, going ahead, immediate support is expected around last Thursday’s low of 22,300, which coincides with the 20EMA (20-day exponential moving average), followed by the pivotal support of the bullish gap around 22,200.
BSE Sensex extended losses to more than 500 points on Friday amid selling in financials.Bajaj Finance was down 8 per cent, Bajaj Finserv was down 3.7 per cent, and Nestle was down 3.2 per cent. IndusInd Bank was down 3 per cent, M&M was .
After five consecutive days of winning streak, Indian equity markets faltered on Friday due to selling pressure in financials. The fall was more or less on