Many New Developments can Give Way To Midcap & Smallcaps in next UPMOVE.
🔷️Good Monsoon can create positive sentiments & Even Midcaps would have Edge for futher Run up in current rally.
🔷️Street is expecting 75 Bps cut from Fed as yields started crashing.10 years U.S Bond has slipped to 10yr low of 2.1%
🔷️Nifty & Sensex are currently in over bought Territory But can Continue To trade in overbought zone & Can Even Hit 12200-12400 after RBI Policy.The extent of upside ranges on the change in Monetory policy by RBI.street is expecting minimum 25 basis rate cut.
🔷️Government can infuse liquidity in system.
🔷️Midcap & Smallcap index can hit New 52week High in next 12 to 24 months.As expected Second half on 2019 can be for Midcaps & we can see sustained RALLY only in 2020 & 2021.
OLD NOTE ON MIDCAPS :
Disc – All views expressed are personal and only for Educational and study purpose only. Consult your financial advisor before investing or taking any position based on above article.