Small Caps Trade

The recent upmove on the NIFTY was nothing more than mere stochastics catching up on play and moving the markets up. It was short lived and on Friday the markets went down again. It seems that the markets are not doing much in terms of actually giving a good set up now. So wheres the action? what can the itchy and scrathy small timers like us do? I think for a starters the action seems to be happening in individual stocks. (even outside F&O). There are many stocks that in this downturn have also given 15-30% returns over the last week. One case in point e.g. is Zylog Systems (I had mentioned it in my website on 7th June in my Stock Picks and since then the stock has given a return of around 15%+). So its wise sometimes to sit outoutside the action and enjoy the small timers also.