Benchmark indices have been gaining ground steadily over the last couple of sessions. The mood has also boosted sentiment in the small-cap universe as well. However, the volume scenario and price confirmation is not satisfactory for a further sustainable upside in this market segment.
The technical indicators like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) suggest a bottom formation on the daily chart. However, the major moving averages such as the 50-days moving average (DMA), 100-DMA and 200-DMA are not indicating any turnaround condition. A number of ...
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First Published: Wed, April 08 2020. 10:29 IST
