“The 20-week average for the Nifty Smallcap Index is close to the 12,000 mark and we currently are at around 12,500. That is another 500 points lower for the Nifty Smallcap Index. So, we are not done here. In fact, the smallcap index has corrected slightly less than the midcap and so there is still more room for the smallcaps to correct relative to midcaps.”