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The Nifty took a breather on Wednesday, amid profit booking in recently run-up stocks, ahead of the expiry of August series. The broader markets relatively outperformed as the Nifty Midcap index gained 0.5 percent and the Nifty Smallcap index inched up 0.1 percent for the session.The price action formed a small bear candle, signifying profit booking at record highs after the 400 points rally in the preceding seven sessions.
Going forward, we expect the Nifty to maintain buoyancy and eventually head towards 11,925 levels in coming weeks given the robust price structure.
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