Of the 46 stocks, about 29 smallcap stocks scaled fresh 52-week highs in the last week. Some of the popular names in the smallcap list are SpiceJet, Latent View Analytics, SeQuent Scientific, Morepen Laboratories, Bliss GVS Pharma, SML Isuzu, Anand Rathi Wealth, Edelweiss Financial Services, Prataap Snacks, and 63 Moons Technologies.
Nifty 50 and S&P BSE recorded modest gains as the Indian markets traded within a range with a positive bias. Sectors like Nifty Auto and Nifty Pharma achieved new all-time highs, while mid and small caps continued to surge.
On November 12, Sunday, StockEdge unveiled a compelling trend with over 49 stocks witnessing an uptrend in Relative Strength Index (RSI). ETMarkets spotlights these stocks, delving into the importance of RSI and why investors should pay attention to this crucial indicator.
"Prior to the FOMC meeting, the index faced selling pressure from higher levels but successfully held the 18,940 support level. Immediate resistance on the upside is identified at 19,100, and a breakout above this level may trigger short-covering moves toward the 19,250-19,300 range