CNX SMALL CAPS displaying strength, capable of 10% move here!

Long

Nifty SmallCap 100 Index (NSE:CNXSMALLCAP)

NSE:CNXSMALLCAP Nifty SmallCap 100 Index

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CNX Small Cap Index registered a decent close above all major pivots. Also RSI is now displaying bullish momentum with MACD comfortable into bullish zone. Small Caps stocks are expected to outperform the overall Nifty index in the coming quarter.

Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com

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