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Sharp fall in CNX Small cap ?????

We have Caution on CNX Smallcap Index, As prices are making lower high compare to CNX Nifty Index . We are seeing that smart money is moving out from the CNX Smallcap.

Here is the  analysis of CNX Small cap & CNX Nifty comparison.


1)In the month of August 2013 Cnx Smallcap Index has given early signal of bottom out compare to Cnx Nifty Index (2570 / 5470) in higher top & higher bottom formation.(shown in the chart as no.1)

2)Now in month of August 2014,  We see Cnx Smallcap Index is not performing compare to CNX Nifty Index and making lower high & Lower top formation indicating early top out signal. (shown in the chart as no.2)

So we at NTD advising to book your hard earned profit from smallcap as we are seeing a sharp fall in cnx smallcap index in coming weeks.

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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