Around 134 out of 776 smallcap stocks closed in the green and out of which top 10 stocks rallied between 8 percent and 33 percent
After touching a new high of 10,835 on Monday for the current rally, the index formed a doji candlestick pattern for the day, indicating indecisiveness in the market.
"In last three trading stock has witnessed positive price action and high volumes particularly delivery volumes suggesting buying participation in the stock," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
"The index has resistance zone at 10,630-10,700 levels. In Nifty options, strike price 10,700 Call has the highest open interest (OI) in Calls, suggesting market could head towards 10,700 levels but likely to face resistance this level," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.