BSE Smallcap

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.