Small Cap Index has closed above Monthly Supertrend July 2023 and in September 2023 it traded at all time highs.
Seeing the past history of Small Cap closing above Monthly Supertrend has given huge returns, party may have started in Small Caps, there may be small corrections but not expecting it go below 10250 anytime soon.
Keep riding your horses.
Good time to look at S&P 500 in terms of investing or putting in a SIP
Monthly RSI is nearing 40 levels which was similar to 2020 fall
If you go back in history, monthly RSI of 40-30 is a great range to put in good money in S&P be it years of Great Depression or 2008 crisis, market rebounded well from RSI 40-30 range mostly.
Some ways to invest in S&P...
Car Trade Tech has been falling since IPO Day
Expecting the fall to get over at around 820/810 levels, which is 50% Fall from Top
SL will be closing below 810 levels
PSU Bank at support levels and can bounce back
Keep good names on watchlist to add
1. PSU Bank Bees
2. SBIN
3. Canara Bank
4. PNB
5. BOB
6. Federal Bank
