3 smallcap stock ideas from Kunal Shah for next week
Senior Technical & Derivatives analyst Kunal Shah at LKP Securities recommends smallcap stocks such as Natco Pharma, Swan Energy and DCM Shriram. He anticipates Nifty trading within 18,500-18,900. HDFC and HDFC Bank both remain bullish with strong support and may reach all-time highs. Shriram Finance and Credit Access Grameen experienced strong breakouts, with the latter having strong support for long positions around the Rs1,300-1,280 level. Nifty Metal declined following the Federal Reserve's comments regarding potential rate hikes, while the Nifty FMCG experienced profit booking, leading to bearish momentum.
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