Amber, FSL, Balaji Amines: 5 smallcap stocks that can fall up to 14%

Despite the recent downturn, the broader trend for the Nifty SmallCap index is likely to remain positive as long as the index holds above the 12,050-level.

The Nifty SmallCap index logged its biggest single-day loss in the last nine months on Tuesday amid aggressive profit-taking across-the-board. On Wednesday morning, the index slipped another 0.5 per cent, and thus is now down 5.3 per cent from its new summit at 13,079.

Given the sudden bout of volatility in smallcap stocks, here are five stocks that could potentially decline up to 14 per cent in the upcoming trading sessions.

Nifty SmallCap

Last close: 12,450

Outlook: Index may tests the 20-DMA

Support: 12,235; 12,050

Resistance: 12,850

With the over 5 per cent fall in the last two trading sessions, the Nifty SmallCap index