I've been on a temporary pause recently, despite the Nifty 50 nearing all-time highs. The reason? We mostly trade in small-cap stocks, and the Nifty Smallcap index is still below key moving averages like SMA 50 and 100. I prefer to wait for healthier market conditions, especially in small-cap and mid-small-cap segments, before making new entries.
Small caps are going to rise again from next month as no second low was made below 14087.
It is expected that RBI can also cut the repo rate which will eliminate the liquidity problem.
Find opportunities in companies which have given good results in this quarter and are down in the fall.
1. No matter which news is being highlighted for yesterday's fall
2. But chart clearly states, price levels has reached its target, so a profit booking/ a pull back is needed to continue its up trend
3. Follow the charts not the news.
Marked Monthly Demand Zone from Where Smallcap Index looks like taking a good support and reversing till 15280 Levels.
Looking to drop another 1100 Points from here.
We should wait and take entry in small cap stocks.
1) Nifty SmallCap Index is under strong selling pressure.
2) Index may fall further 3.25% in the upcoming days.
3) 14900 will act as a good support area.
4) Time to cut positions from SmallCap stocks and move to cash.
5) If the Index breaks 14900 again, This will lead to another 4% fall.
Impact that you see in smallmidcap indices
1. SmallCap 100 index has been travelling 1 way route since Feb '23. ~92%.
2. SmallCap 100 index reached 161.8% fib level.
3. SEBI has expressed worry over the substantial 92% increase in small-cap fund inflows during the first 10 months of this fiscal year, compared to the entire previous fiscal year. This surge has...
-whenever smallcap index falls it recovers slowly this time also it should behave like that and recover slowly slowly
-currently at major support zone
-almost every major index is in support zone market is in make or break level right now
The hourly chart of the Nifty Smallcap 100 index now shows a five-wave decline. In Elliott wave analysis, a five-wave move in any direction is directional. Meaning that it tells us which side the trend is. From that point on, every bounce becomes an opportunity to sell because the trend is down. The smalcap index was the last man standing in Indian markets, going...
Small Cap Index is forming shooting star candle on monthly time frame till now. Need to closely watchout for month end. Shooting star formation at month end can lead to retest the trendline on longer time frame.
Time for caution in Small cap index.
We are at 3.618 Fib extension level. When we attempt to do wave count we can likely see end of wave 5.
Also we can clearly see RSI divergence here.
While it will not be good idea to buy at these levels. it is better to look at pocketing some profits.
Hello & welcome to this analysis on the index
The index has had a dream run since April of this year.
What lies ahead? Does it continue its outperformance or does it lose its shine and starts seeing profit booking?
Currently at a resistance in higher time frame with support quite far. The Dec quarterly candle and the Jan monthly candle will give clarity for...
Smallcap index is on verge of breakout with tight range consolidation in last few weeks and ema confluence ....
Hopefully in next 6-7 months ...before next Diwali ...some of the small caps can give 10x return easily ....
Do some research, share scripts ...
In this guide, you’ll learn about all the different tools that are available to you on the chart. Specifically, we’ll be looking at the toolbars that are located at the top, bottom, left and right of the chart:
To summarize the chart above, the breakdown looks like this:
■ Top toolbar: Chart tools
■ Left-side toolbar: Drawing tools
■ Right-side toolbar:...
Selling area touched,
Below 12550 levels, there may be fall to 12261, 12052 levels ..
Panic Selling alert !
RSI Overbought
and Resistance trendline touched with respect if it will break down 12550.
Thank You.
