Midcaps
Smallcaps
SME

When Funds not buying
No interest by Retailers as momentum missing

That’s Time to find Quality midcaps & smallcaps that can Report Good numbers in next 2 to 3 Qtrs

Just need to focus on them
And that can mind good money 💰 💴

What you buying

We can see some rebound in April & May

IREDA

135.50

One shld start adding in SIP on all dips

Shld not go below 115 - 120 zone as per our study

Once sentiments improves it wld be ready for bounce back

Today again Nifty strong 💪
but screen & broader market showing weakness

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The forth in Midcaps , smallcaps and Microcap was so high before few days of sebi tightening the screws most of the operators have started dumping the stocks

Many new Retailers are averaging those in hope of Bounce back

But only Quality stocks wld bounce ( Limited stocks )

Good Quality where there is growth ahead and Q4 Results wld break many old Highs also

So be very much stock specific

There is extreme fear and panic in Midcap,small cap & Microcap space

Many stocks are getting very undervalued

Would Try To post Good Quality stocks which can do better in coming days and can bounce Back strongly

Updated Last Month

In last 15 Days

Nifty almost Flat or Just down 1% From TOP

But Midcaps & Smallcaps Brutally Hammered 🔨

Midcaps & Smallcaps

Oversold zone

Individual stocks are down 25% To 35% in last 15 to 20 Days

Still Not showing any signs of Stablity

One needs to wait & Watch to buy fresh stocks

Everyone has Same Query When can we expect Bounce ?
If bounce comes…
How much that Bounce sustains need to watch closely

Midcap & small cap index had Reached overheated space
Had updated about its getting exhausted….Those took us seriously might had booked

Midcaps & Small caps are extremely volatile and can undergo periods of extreme bull runs and extreme bad runs

Remember the 2017 - 2018 market frenzy for Midcaps & Smallcaps

What happened to small cap & Midcap space after 2018 LTCG

Here’s the performance of mid & small cap stocks in 2018:

800 stocks corrected >70%
1500 stocks corrected >50%
150 stocks corrected in between 20-40%
50% of BSE 500 index stocks corrected >50%

Nifty ATH - 22526
Currently @ 21930

Down just - 580 odd points from ATH or Say just 2.5% From ATH

But Midcaps & Smallcaps Have Reached almost 19k levels rates

It’s seems Midcaps & Smallcaps should be Ready for Bounce by Tomm or Monday

Short term bottom shld be Done in next 2 Days

Let’s C

Ratnaveer @110
Basilicfly @303
Systango@269
Lactose @139
Anuh PHARMA @205
Rox Hi Tech @101
EKC @116
Asian Tiles @51
Stocks for medium term
Today Low
Available at very good levels

ADSL @127
IRCTC @863
IREDA @121-122
SW Solar @@400-425
Ibul Real estate @98
Vindhya Tele @1994
Kellton Tech @@95
Shriram piston @1444
HFCL @82
Geekay Wires @74
Surya Roshni @478
GOLDIAM International @165.25

IREDA

121.05

Check Rates after Q4 Number and next year after March

What market does from last few Years I have observed

Forced to Buy you in FOMO
Than due to some or the other Reason correction comes
& Forces to
Sold back in Fear of loosing more

Where maximum ppl sell bottom is made around those levels only

Cycle continues

Just see past few corrections

NMDC

252 to 197

Good correction now near Support zone @ 195 - 198

Good Reversal can Happen

People who are Selling Today will soon Come to buy back same stocks again at Higher level

Buying in panics have always minted money 💰 💴

Just buy your individual conviction picks

Teji se Mandi & Mandi se Teji

Shriram Piston coverage by Emkay