Voda-Idea, UCO Bank: 10 stocks under Rs 10 that can fall 10% from here

Until there is a major shift in the mood of traders and investors, this segment may continue to show deterioration in value.

Benchmark indices have been gaining ground steadily over the last couple of sessions. The mood has also boosted sentiment in the small-cap universe as well. However, the volume scenario and price confirmation is not satisfactory for a further sustainable upside in this market segment.

The technical indicators like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) suggest a bottom formation on the daily chart. However, the major moving averages such as the 50-days moving average (DMA), 100-DMA and 200-DMA are not indicating any turnaround condition.

A number of stocks have gained ground with bare minimum volumes and even