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.
I am Vinoth Kanna, Admin, Gale.in. I am into investing and trading for last 7 years. I love sharing my knowledge and to educate people. I write articles regarding stock market to enlighten people about stock market and also share stock ideas at Gale.in to ensure retail investors of decent profits. You can contact me at firstname.lastname@example.org for stock queries. Have a wonderful time at Gale.in.