Suzlon, Mazagon Dock: 75% of Nifty SmallCap stocks trade firm above 200-DMA

Overall trend - the Nifty Small cap index continues to remain highly robust, with an intend to reach a new historic high.

Nifty small cap index has hit new 52-week peak, gaining over 16 per cent so far in the current year, outperforming benchmark indices, the BSE Sensex and Nifty 50, which soared 9 per cent, respectively. 

Three-quarters of its constituents are trading over the 200-day moving average (DMA), which serves as a barometer while assessing optimistic stocks.  More important, merely 15 stocks are trading in the overbought category of the Relative Strength Index (RSI), an indicator that measures the strength of stocks on a scale of 0-100 values.

Well renowned shares like TV18 Broadcast, Suzlon Energy, Rail Vikas Nigam