F&O Talk: Mid, smallcaps to continue outperformance as Q1 begins, says Sudeep Shah; outlines Kalyan Jewellers, TCS strategy

Indian markets ended higher with the Sensex up 828 points at 77,569 and Nifty 50 advancing 244 points to 24,206, while India VIX dropped 8 percent to 12.33. SBI Securities analyst Sudeep Shah noted Nifty has shown indecision for four straight weeks, with resistance at 24,500-24,550 and support at 23,900-23,950, while midcap and smallcap indices continue to outperform and hover near record highs. On the IT front, Shah said the Nifty IT index remains structurally weak despite the post-TCS earnings pullback, with a meaningful reversal unlikely below the 29,000-29,100 zone, and outlined technical strategies for TCS, Infosys and Kalyan Jewellers.