Small cap and Mid cap are at record highs. is another 15% upside in card?
Exactly a month ago we had announced the begin of the rally post dip. We had seen 5-6% upside in the small cap and mid cap index. Small cap and mid cap has returns 8-11% in last 1 month.
Technically there is space for another 10-15% upside in the Small cap and Mid cap Index. Are the fundamentals ready to accepts the price?
We see a support at -5% and a good buying opportunity at -2 to -3% from current levels. Will there be a good chance to enter fresh. Investors are request to stop booking profits and hold on.
When the NIFTY hits 10500. Small cap and Mid cap index will see this 10-15% upside accommodated.