In the previous technical note, it was categorically mentioned that given the unabated upmove in the markets, they have risen near-vertically. This has caused the indices to deviate greatly from their mean, making them overextended and prone to violent profit-taking bouts. While weekly, the markets have just consolidated, but on the daily charts, they saw…
READ MOREMumbai: The Association of Mutual Funds in India (AMFI)’s small-cap stock classification formula is likely to face challenges in the upcoming semi-annual reclassification, especially given the significant uptick in stock prices and the listing of new companies. The market capitalisation of stocks in the small-cap category, as per the existing formula, surpasses $3 billion (βΉ25,000…
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