BUBBLE INDICATOR : SELL

May 23, 2018

So there has been a bounce back in the index as we anticipated but there NIFTY has outperformed Mid cap & Small cap indices as there institutions shift due to the SEBI circular on categorisation of the Market Cap . This will lead to restrictions on the MF buying and result in selling or reduction of weight in many funds which would drag their performance . We have kept a record of Market Cap division according to SEBI which we will keep updating as it helps understanding the flow issue since DII are only buyers in the markets.

 

According to our internal indicator shows that there is short term bull bubble formed. Thus, we would advise now to SELL. 

 

We would prefer to reduce to the positions rather than buying at this time.

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