#39;Nifty could hit fresh highs in June, but minor profit booking likely in small midcaps#39;
A breakout in Nifty post a long phase of consolidation usually has a strong extended follow-on moves. The index has been consolidating for two-and-a-half months. Any temporary declines may be used as an opportunity to go long on the index for targets of 15,780-16,220, Aditya Agarwala, Senior Technical Analyst, YES SECURITIES said in an interview with Moneycontrols Kshitij Anand.
Edited excerpts:
Q) In May, Nifty hit fresh record high. What led to the price action in the week gone by?
A) Sell in…
