Technical Analysis of Indian Equities by Nooresh

MIDCAP /SMALL CAP INDICES – Time to catch up and stop under performing ?

After the good move in Nifty of 10% on expected lines – Check Link we have been mentioning that one should now focus on broader markets.

 

Expect next 3-4 months could see some serious performance by midcaps/smallcaps. Bounce backs of 15-30% in many stocks may come in a jiffy. Next couple of weeks could be a good time to go shopping.

 

smallcap indices are close to Nifty equivalent levels of 4800-5000 and levels of june 2012 whereas Midcap index could be a little higher but they are still faraway from the tops equivalent of 6100 Nifty.

 

   Bse Smallcapcnx smallcap

 

Bse Midcap

 

CnX Midcap

 

 

Will post some more stocks which can be looking good for bounce backs in the midcap/smallcap segment in the next post.

 

 

TECHNICAL ANALYSIS WORKSHOP – FRESH SCHEDULE

MUMBAI – MAY 18-19
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Article by Nooresh Merani

Nooresh has written 2581 articles.

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{ 2 comments… add one }
  • jitesh June 4, 2013, 11:38

    Excellent Results posted by a small cap co , Om metals and Infra Projects . Yearly EPS of 4.21 and currently trading in PCA @ 16 Rs Only…. FV 1 .

    Reply
    • Nooresh June 5, 2013, 13:24

      Will wait for markets to get favorable towards smallcaps to look at this one. If you have more work done on it plz mail.

      Reply

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