chirag.sanghavi89

Is Correction in Small Cap will Continue?

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NSE:CNXSMALLCAP   NIFTY SMLCAP 100
As you can see in the chart today Small cap 100 Index has broken it's Rising Trending Line which started in Month on Nov. 2020 at 5700 and from that point we have witness a good upside till 10800.
DO remember that whenever we need to take big Jump we have to go back 2 steps.
Same is Happening in Small & Midcap Index.

Now Major Support on Small Cap is 9300 on Closing Basis on Saying that until unless we won't get close above 10050 It will be in Lower top Lower bottom Formation.
Strictly Follow Money Management & Risk Management Rule.

Always Remeber Don't be get Emotionally Attached as in Stock Market there is no value of EMOTIONS.

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