During the week, 67 smallcap stocks had a good run with double digit gains, higher than that of the previous week. In the preceding week, about 50 smallcaps rose in double digits.
From here on, if Nifty has to sustain at higher levels, contribution from the heavyweight banking space is a must. Since it is struggling around the bearish gap, it is better to wait for further clarification to project higher levels in Nifty, says Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One.