On 4th October 2018, I
wrote, “If we
look at the small-cap index which is already battered in recent fall (-30%), we
may see levels up to 12500 on the BSE Small Cap index which is another 10% fall
from the current levels.”
Recently Small
cap index made a low of 12,000 and is currently trading at 12,500
levels. If we look at the below chart, the correction in small-cap seems to be
over and I think the small-cap index will outperform the markets going
forward.
I
had given two other calls in the same post:
1)Bse
Sensex as expected made a low of 33000 and reversed from there. I wrote an
update on this in my post on March 2019
2) I expected INR to move to 75 - 76 levels. INR instead went
through a bear market correction and strengthened to 68.50 levels before
starting to correct again. I expect INR to fall to 75 - 76 level in the recent
correction cycle.
