Mumbai: A tearaway rally in small-cap shares may very well be within the offing with a technical indicator pointing to near-term power. The Nifty Smallcap 100 index fashioned the so-called Golden Crossover on Monday for the primary time in seven years, which has raised the potential for sharp beneficial properties in these shares within the close to future.

A Golden Crossover varieties on a chart when a inventory or an index’s short-term transferring common crosses above its long-term common.