By Dharmesh Shah The Nifty started the expiry week with a negative gap (17756-17682) and witnessed a range bound activity. The weekly price action resulted in a bear candle carrying lower high-low for the first time since June 2022, indicating profit booking after a 13% rally seen over the past five weeks that led prices to an overbought trajectory. In the process, Nifty midcap and small caps remained in limelight as they relatively outperformed the benchmark. In the holiday truncated week, we expect healthy retracement towards 17200 levels which should not be construed as a negative rather capitalize dip as …
