nifty small-cap continues to the bullish trend. It was taken as a support level for 4929.25. the next resistance level is a look to 5327. So the market continued to the next swing.
IN LAST 3 YEAR CORRECTION IN SMALL CAPS HAD SEEN 3 TIMES
1) 8% dip ,later it risen 34% from the low of this correction
2) 9% dip, later it risen 35% from the low of this correction
3) now 3rd correction happened with 10-11% correction , if these supports respected by the market then we can expect a 30-38% upside
View is for educational purpose :) Not a...
As MIdcap index.... again
strategy would be to sell near the bearish level / line...
trading levels defined.....
Happy Trading....
related idea : refer below...
Comparison between Nifty 50, Nifty Mid Cap 50, Nifty Small Cap 50, Nifty 500, Bank Nifty after it made a bottom on 24th March as we can see Small Cap clearly outperforming Benchmark Index and Bank Nifty underperforming the overall broader market.