BSE SMALLCAP INDEX DIVERGENCE
I have interesting trend analysis done here by comparing two bellwether INDEXes
When one compares weekly charts for BSE SMALLCAP Vs NIFTY50, there is clear case of divergence in trend visible since last 4 weeks starting from last week of July. Will the NIFTY see the bullish reversal and end the diverging trend or it will culminate into severe correction for NIFTY and the broader market. Market had similar divergences in the past for example in early 2016, later 2017, early 2020 and now in August'23
When one compares weekly charts for BSE SMALLCAP Vs NIFTY50, there is clear case of divergence in trend visible since last 4 weeks starting from last week of July. Will the NIFTY see the bullish reversal and end the diverging trend or it will culminate into severe correction for NIFTY and the broader market. Market had similar divergences in the past for example in early 2016, later 2017, early 2020 and now in August'23
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