The Broader Markets more oversold compared to Indices. Relief Rally in coming Days

The last 10 days of fall has wiped out 10-15% in most midcap/smallcap and broader indices across the globe.

From the recent highs the Nifty/Dow/S&P 500 are down 12-15% but Smallcap indices are down 25-30%.


Lets look at a couple of charts

1) Russell 3000 – USA




#Russel3000 - Almost 10% of the index is down 90% from their highs.

Nearly 1 in 5 stocks are down 80% from their all-time highs at the moment. More than 50% of stocks down 50%



2) Indian Stocks


Indian Stocks


All listed stocks - from 52week high Only 9% with less than 10% drawdown 91% stocks with 10% or more drawdown 79% stocks with 20% or more drawdown 57% stocks with 30% or more drawdown 15% stocks with 50% or more drawdown Source:



3) Nasdaq 100 Vix at 40-45

Nasdaq Wow


Nifty RSI at 30 and quite a lot of indicators point to a short term relief rally to start with. Could even be a major bottom for the medium term.

Nifty 15650-15800 and 16800 remains the band for now.  ( Will discuss a lot of history of Nifty and the possibilities in medium term in the upcoming webinar. )


Webinar – Find Big Trending Moves Using Moving Average Convergence 15th May 2022


Find Big Trending Moves Using Moving Average Convergence

Date: 15th May 2022

Time: 11am to 1pm

Fees: Rs500/-

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You will get a unique registration link in 2 hours from subscription as well as an hour before the webinar begins!

( Recordings will be available.)




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