LLama Research

The Nifty Smallcap 100 / Nifty 50 ratio has roundtripped to 2021 levels.
The froth is gone.

Peak was Sep 2024 at 0.85. Today we're at 0.67.
Here's what most people miss: 0.65–0.67 was the resistance smallcaps couldn't break through in 2022.

The same level is now support.
Old ceilings become new floors.
The last two times this ratio tagged support, smallcaps didn't just hold. They led.

March 2020 at 0.45 → +105% in 12 months.
June 2022 at 0.50 → +42% in 12 months.
April 2026 at 0.67 → right at the support zone.

This isn't a falling knife. It's a reset.
Smallcaps took the pain first. They usually lead the recovery.

Save this for when they start moving.

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LLama Research LLP | SEBI Reg. No.: INA000018780

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Stocks and bonds fell together in March 2026. The "nowhere to hide" panic is back.
Except the data tells a different story.

In the last three years, stocks and bonds fell in tandem three times. Sep 2022. Feb 2023. Apr 2024.
The Nifty 12-month return after each? +16.3%. +27.1%. +7.7%.

Three for three. All green. Average: +17%.
March 2026 is the fourth instance.

When diversification "fails," it feels like the rules broke. But rare events leave data. And the data says what looks like the end is often the setup.

Chaos isn't random. Recovery isn't either.
Save this for the next "nowhere to hide" headline.

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LLama Research LLP | SEBI Reg. No.: INA000018780

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

The fastest way out of debt isn't motivation. It's math.
Most people attack debt by emotion. The smallest balance. The most embarrassing one. The card that hurts to look at.
Wrong enemy.

The real enemy is the interest rate. The higher it is, the faster it compounds against you.

The Debt Avalanche Method:
1. List every debt: balance, rate, term, minimum.
2. Rank by interest rate. Highest first.
3. Pay minimums everywhere. Throw every spare rupee at the highest-rate debt until it dies.
4. Move down the list. Repeat.

It's simple. It's logical. It's brutal. And it works.

Why most people quit: no early wins, no dopamine. The math wins, but the brain doesn't applaud.

That's the trade. Discipline now. Freedom later.
DM us "AVALANCHE" and we will send you our Debt Avalanche Tracker.

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LLama Research LLP | SEBI Reg. No.: INA000018780

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Iran war 2026, Fed rate cuts, and why Indian equity bulls shouldn't panic.

Everyone's waiting for the Fed to blink. Sticky inflation says they can't. Bears think that's game over for equities.

History disagrees.
In 2001-2003, the Fed held at 1% while Iraq war spending pumped $1T+ into the system. Sensex: +73%.
By 2004, the Fed was hiking. Nifty still rallied 200% over the next three years.

Liquidity didn't come from the Fed. It came from fiscal.
Today, Iran war spending is ramping. Defense budgets are surging. Emergency appropriations are in the pipeline.

The Fed doesn't need to cut. Fiscal is already moving. And fiscal floods EM first.

Save this for the next Fed meeting panic.

LLama Research LLP | SEBI Reg. No.: INA000018780
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Nifty Q1 lows aren't random. They're seasonal.

9 of the last 10 years, the Nifty bottomed in Q1. What followed? An average +18.7% rebound over six months.

Not a guarantee. A tendency worth knowing.

March 2026 touched 22,184. If the pattern holds, summer could surprise the sceptics.

Save this. Check back in September.

Clarity beats cheer.

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