Technical Analysis of Indian Equities 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!! )

For more such interesting articles keep reading it. Also pass it around if you like the blog let all your friends also get enlightened !!
Best Regards,

Article by Nooresh Merani

Nooresh has written 2808 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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