Focus On Small & Midcaps; 3 Stocks Which Can Give Returns Up To 10% In Short Term

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Focusing on the mid and smallcaps would continue to be the strategy as they remain outperformers having said that stocks in the Nifty-50 index are also showing signs of a fresh breakoutThe market ended the day on a strong note on Thursday as the Nifty reclaimed the crucial 10,500-mark. Midcap stocks outperformed with the Nifty Midcap index closing at record highs.

Barring the auto index, all the major indices posted strong gains. The rally extended to the metal stocks and a strong trend across the majority of the sectors, in particular, the PSU banks saw the indices closing near day's high.

After multiple days of consolidation, Nifty has finally formed a bullish candlestick pattern on the daily charts. The 21-DEMA continued to act as a strong support area.

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