Volatility has been reduced drastically even though general market is more volatile during last week. Long can be initiated above 77.50 with SL of 72.50
ADX is more strong than NIFTY so we may see some good movement here. If 34500 is maintain then we can move up to 37000 in other case we may test 33000 odd level also.
It also seem stronger compare to others. Housing demand is anyway booming due to lower interest rate..
Is it time for small cap ? it seem compare to small cap mid caps were outperforming. We may see rotation if the line is broken on downside.
It may take support at previous resistance zone and bounce back again.
It seem after huge run up and then double top. Now it seems price wise correction is done and time wise correction may happen or it may bounce back from the support level. 0.80 should be held for further upside in pharma stocks