Key technical indicator hints at a stronger small-cap rally

Mumbai: A tearaway rally in small-cap stocks could be in the offing with a technical indicator pointing to near-term strength. The Nifty Smallcap 100 index formed the so-called Golden Crossover on Monday for the first time in seven years, which has raised the possibility of sharp gains in these stocks in the near future. A Golden Crossover forms on a chart when a stock or an index’s short-term moving average crosses above its long-term average.