Midcap and Smallcap index up 6-7% of 10%. We revise upside of another 6-7%.
We announced the rally start on Midcap and Smallcap post correction. We see nice support at 2-3% dip for the midcap and smallcap index. Since NIFTY daily charts is weak, we request investors to wait for a dip of 1-2% before entering fresh long calls. Yesterday we have also see too many stocks getting short covered (Positive sign for the broader market.)
We see an immediate upside on 3% in a week and we revise our upside target to 6-7% in next 2 to 3 weeks. Most likely when NIFTY hits 9750.
We have also given a list of Top 10 Smallcap and midcap to Buy for the month of June. (Please find the link in the home page-Featured articles)
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