Nifty 50 Index Vs Nifty Smallcap 100 Index (ratio chart) 
The ratio is at 15 years high which means Nifty’s outperformance to its small cap 100 is at 15 years high. In the past it has traded at this levels in the year 2004, 2013 and currently 2019 and didn’t sustain this levels for long. (1/2)
The risk reward is clearly towards buying small cap stocks. So from here on either Nifty 50 Index can remain at this levels and smallcaps can outperform or Nifty index can correct and small cap can fall less. (2/3)
So in either case Nifty 50 large names can be avoided as it can underperform the small cap 100 Index and good quality small cap names can be looked at for the next 2 years. (3/3)
