Reason for long a) Big event of the nation is parliament election and this brings us the Euphoric move in small cap index. b) Pole and flag formation induces to move another 22% as exhaustion candle in next 90 days. c) Any fall is long in this scenario till May 2024 d) But this is one of the risky investment in stocks, but one can consider long in small cap etfs.
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.
My Analysis on Smallcap index. Smallcap index trend since 2008, The trend got broken on the upside in 2022.
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.
Nifty Small Cap is trading near support level after good correction. Keep on radar. Can see good pull back at these levels.
In past we have seen that there is buying support at weekly super trend levels. We need to wait and see if this time also same is the case.
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...
SMALL CAP INDEX at Crucial Level........... Near support zone... Either will break this or move upwards from here.......
-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...
Smallcap 100 Respecting the parallel channel. Had a good daily close.
Small cap index at support cmp 14400 target 17000 DOnt sell in panic Accumulate the dips
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...