Technical view by Nooresh

MIDCAPS /SMALL CAPS rocking … Is it just the start of IT !

Ever since November 3rd week i have consistently been mentioning to focus on SMALLCAPS/MIDCAPS and explained that there is a huge disparity in valuations. It was clearly stated next 3-5 weeks would only be midcaps !!!
Bang on Index has done nothing but many midcaps have moved up 20-50%. Clients have enjoyed this period since lots of more research. One of the small value picks considered Accentia Technologies has moved up 20% and is on a breakout. Maintain tgt price 200 over 6-12 mths.
Technical Stats :
BSE SENSEX retraced 73% of the downmove
BSE midcap has retraced 55% of the downmove
BSE small cap index has retraced 48% of the downmove
JUST a important quote which will reduce my explanation.
" Every Bull market starts with a BEAR rally" --- ( Its been a bear rally since 10k !! )
" Major corrections/Bear market starts with a SMALL CAP RALLY " ( Are we on the cusp of it!! )

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Best Regards,

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 1 comment… add one }
  • veerar December 13, 2009, 20:31

    This is a FII driven market by sheer liquidity(carry trade,in US Dollar)!


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