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This tech indicator triggered 100% rally in Nifty SmallCap; will it repeat?
Rex Cano Mumbai
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The NSE Nifty SmallCap 250 index today witnessed the formation of 'Golden Cross' on the daily chart, with its 50-Day Moving Average (50-DMA) crossing over the 200-DMA from below. On Friday, in intra-day deals, the 50-DMA quoted around 16,666 levels, while the long-term 200-DMA stood at 16,632. The 'Golden Cross' formation also commonly-known as 'Golden Crossover' was seen today, following the 'Death Cross' formation on February 5, 2025. CLICK HERE FOR THE CHART The term 'Golden Cross' means that the shorter-term moving average - the 50-DMA has now crossed over the 200-DMA. Whereas, as and when
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