Small Cap and Mid Cap rally Begins. 10% upside seen in a month.
Small cap Index and Mid cap Index were oversold the day before yesterday. We had recommended to hold investments for a immediate 3% upside. As expected Small cap Index was up about 3% yesterday.
In intraday charts Small cap and Midcap index are overbought. As the Nifty consolidates, we expect Small cap index to also consolidate with 1% dip before it begins its rally again.
We see 10% recovery in the Small cap and Mid cap stocks in coming 1 month.
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