Bse small cap index has reached to 2009 level in term of relative performance vis a vis BSE Sensex.
Whether it can further fall, i don have answer but risk reward is relatively better.
However, we yet to know the depth of crisis so it can further correct. But keeping everything aside, statistically the small cap index is very cheap.
I believe any bull run from...
SENSEX Recession Chart Bear Market Layout - Elliot Wave
Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession,
As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash.
I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000...
BSE:SENSEX has recorded a All Time High today(26-Nov-19) but it was rejected by a trendline that extends from August 2018 till today. If this trendline is broken on a daily closing basis then I am expecting SENSEX to continue to the upside.
A massive uptrend was seen in the market from 20th September. From the previous price pattern there is a higher probability for the market to make a correction and test the previous support trend-line before making an upward move. The scenario might change if any radical measures or policies to revive and boost the economy is made from the government side.