Market Outlook and Small Caps

Published: Thu, 06/23/16

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The Complete Technical Analysis
Dear ,

If you could not download the audiocast, too many downloads blocked it but I have now uploaded it to You Tube below so that should not be a problem. The Audio cast should also work now.

Also below is a post on the state of the Small caps that have been exploding all on their own.




Small Cap Madness to Unravell

Small Cap stocks have been on fire off late in fact the only index making new highs everyday since the June top in Nifty at 8292, has been the small cap index you can choose any one of these that pushed to a new high.

The Nifty Small 100 free

sc1

BSE Small Cap

sc2

Nifty Midcap 50

sc3

All the above are hitting key trendlines that have seen big sell offs before. Given the peculiar position of the Relative strength of the Midcaps to the Nifty discussed in the Long Short report, I think this segment is the final home of the speculative bubble in Indian Equities.

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Rohit Srivastava
www.indiacharts.com
For accurate market forecasting. Market forecasting is a study of past data to assess future probable outcomes. It is our endeavor to discuss high probability outcomes for traders and investors. However this is not a solicitation to buy or sell stocks futures or options or any security. Trading in any financial market should be done with sound knowledge and the help of a qualified investment adviser. Stocks based on the Elliott wave model are based on the Fibonacci fractal of the market and momentum indicators, Levels are based on Fibonacci maths and are only indicative of what the mathematical model throws up. This is not a research report. We are not investment advisors This is not a recommendation to buy/sell.
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