Only Positional Community

Update on CNXSMALLCAP One of the major pending gaps has now been filled yesterday, which was an important technical development. The market appears to be in the final phase of its corrective cycle, and we are likely approaching a bottoming zone within the next 15–20 days in March. The recent decline seems to be largely a weak-hand shakeout, where leveraged and short-term participants are being forced out. However, there may still be one final leg of selling pressure before a sustainable base forms. Key levels to watch: 15,600 – 15,700: First important support zone 14,900 – 15,000: Deeper support zone if volatility expands From a seasonality perspective, it is also interesting to note that in the last two years the market formed a bottom between 14–16 March, which aligns closely with the current timing window. Overall, the structure suggests we are closer to the end of the correction than the beginning, though volatility may persist in the near term before a clearer trend emerges.

Good Morning

For a reason we mentioned Defense ETFs.

Defence ETFs

🚀✅✅

Happy Holi 🎉

Seasonally, March has often acted as an intermediate bottoming zone. Our base case remains that corrective pressure may persist until mid-March, but this phase should be viewed as an accumulation opportunity rather than a threat. Key first-degree correction levels for NIFTY: 24,500 24,000 23,800 These zones can be approached with staggered deployment. On meaningful dips, systematic allocation into SmallCap ETFs and Defence ETFs can be considered through a phased approach. We will continue to update if there are any important developments on the charts. However, we are not in favor of selling fundamentally strong “gems” in a panic-driven market environment. Disclaimer: This communication is for educational and informational purposes only and should not be construed as investment advice. Markets are subject to risk, and volatility can lead to unexpected outcomes. Please consult your financial advisor before making any investment decisions.

Market internals continue to strengthen, and stock-specific action is clearly outperforming the broader index. This underlying resilience is constructive. Ongoing Middle East tensions may create short-term volatility. Such phases often trigger emotional selling from retail participants. However, markets do not follow a fixed reaction template to geopolitical events—context matters. When markets are already in a corrective structure, as currently seen in NIFTY and SmallCaps, external triggers typically accelerate the existing correction rather than change the broader trend. From a technical standpoint, the 400 EMA remains upward sloping, which is structurally significant. Historically, major bottoms have formed around a rising 400 EMA. Higher volatility may temporarily push prices below it, but such phases have generally been brief, followed by relatively swift recoveries.

All trades we holding ✅🚀🚀

We were 1st one to capture from 19th December this is buy for us .!

#NETWEB 🚀✅

Forming rounding bottom in #MAHABANK, partial✅🚀 trade can be booked here rest we can see for 100-105.

25% upside in #MAHABANK